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PARIS: A top executive at Louis Vuitton and one of Bernard Arnault’s sons are set to take over management of Tiffany & Co after the biggest acquisition in the luxury industry by LVMH.
NEW YORK: The holiday blessing that Tiffany & Co shareholders gave to sell the storied jeweller to LVMH pushes the contentious transaction closer to the finish line, giving billionaire Bernard Arnault the long-sought pathway to expand his global collection of luxury brands.
PARIS: U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, ending a bitter legal dispute between the two, the companies said on Thursday.
ELON Musk’s net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index, as the Tesla Inc. rout continued.
PARIS: LVMH has announced the appointment of Frédéric Arnault (pic) as CEO of TAG Heuer from July 1 onwards.
PARIS: France's business elite closed ranks around publishing group Lagardere on Monday with LVMH's Bernard Arnault and Vivendi's Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.
French consumer giants LVMH and L’Oreal SA said a recovery could start soon after the coronavirus caused sales to plunge in the first quarter, as revenue in China is already bouncing back.
PARIS: LVMH’s sales growth slowed at the end of 2019 after protests sapped the Hong Kong market while luxury-goods makers face another threat from the viral outbreak in China.
LONDON (Bloomberg): The leveraging of a giant social-media presence, a catchy tune about a family of sharks and a burgeoning collection of junkyards are just a few of the curious ways that helped make 2019 a fertile year for fortunes to blossom around the world.
PARIS: Louis Vuitton owner LVMH has agreed to buy Tiffany for US$16.2bil in its biggest acquisition yet as the French luxury goods maker bets it can restore the iconic US jeweller’s lustre.