Tiffany & Co has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
Jailed jewellery tycoon Nirav Modi has threatened suicide should he be extradited to India, and has claimed to have been the victim of multiple assaults in prison. His requests for bail have again been denied.
Capri Holdings Ltd missed Wall Street estimates for quarterly profit on Wednesday, as protests in Hong Kong and negative Chinese consumer reaction to an 'incorrectly labeled' T-shirt hurt sales of its Versace brand.
The third edition of the India Gold and Jewellery Summit will take place from November 22 to 23 at the Hotel Pullman in Aerocity, New Delhi, and will bring together jewellery businesses and government officials.
The Competition Commission of India plans to create advisory guidelines for e-commerce businesses operating in India to encourage transparency and decide when deep discounting practices are appropriate.
Titan Company Ltd posted a three percent increase in its consolidated net profit at Rs 312 crore ($44.1 million) for the second quarter ended September 30 as against Rs 301 crore it posted in the year-ago period.
Hugo Boss expects sales to recover in the fourth quarter, helped by more modern stores and growth in mainland China and ecommerce, after the German fashion house reported falling sales in the US and Hong Kong.