Tiffany is continuing to reinvent itself in the LVMH era and has launched a major new campaign fronted by superstars Beyoncé and Jay-Z. It's the first time the couple has appeared in a campaign together.
LVMH, the world's leading maker of luxury goods, said Monday that sales and profits had bounced back strongly in the first six months of 2021 as demand soared after the pandemic-induced slump last year.
LVMH countersued Tiffany & Co on Monday, arguing the U.S. jeweler's financial mismanagement in the pandemic permits the French luxury goods giant to walk away from its proposed $16 billion acquisition of the company.
French luxury goods giant LVMH and U.S. jewellery chain Tiffany will give themselves another three months to complete their $16.2 billion (12.41 billion pounds) tie-up after the deal did not close on the Aug.
French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.