Tiffany & Co., an iconic jewelry brand, no longer wants to be called a luxury brand. According to Business Insider, CEO Alessandro Bogliolo said he prefers the word “legendary.” He said: "I like to define Tiffany as a legendary brand because it's a brand that really has become a legend.” CEO of...
Japanese designer Kenzo Takada died in Paris on Sunday due to COVID-19-related complications. He was 81. Famous for his international luxury fashion house Kenzo, he inaugurated his flagship store in Paris' Place des Victoires in 1976. A native of Himeji, Japan, over the next thirty years, Takada launched a perfume empire, and, in 1993, sold his brand to luxury conglomerate LVMH. In 1999, he retired to pursue other creative pursuits. In January of 2020, he launched his K-3 brand.
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved. Fred Katayama reports.
Luxury goods group LVMH said on Thursday it would counter-sue Tiffany, accusing it of mismanagement through the coronavirus crisis after the U.S. jeweler accused the French group of trying to bow out of a $16 billion acquisition deal. This report produced by Yahaira Jacquez.
LVMH Purchases Tiffany & Co. for $16.2 Billion. Both companies confirmed talks of a deal in October. The French luxury group will pay $135 per share for the famous Manhattan jeweler. Despite its global..
Tiffany & Co. (NYSE:TIF) rose at the opening bell on Monday after it announced an agreement with French luxury group LVMH for a US$16.2bn takeover. The French... Proactive Investors Also reported by •Reuters India