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LVMH CFO Says Louis Vuitton sales in China turned positive in Q3
Tiffany Reports Strong Preliminary Sales And Operating Results For August And September
Tiffany & Co Says Taiwan Fair Trade Commission Determined To Waive Its Jurisdiction Over The Merger
Tiffany & Co. is a holding company that operates through its subsidiary companies. The Company's principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company's segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores around the world, and also sells its products through Internet, catalog, business-to-business and wholesale operations. The Company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. The Americas segment includes sale in Company-operated TIFFANY & CO. stores in the United States, Canada and Latin America. As of January 31, 2017, the Asia-Pacific segment included 85 Company-operated TIFFANY & CO. stores. As of January 31, 2017, the Japan segment included 55 Company-operated TIFFANY & CO. stores. The Other segment consists of non-reportable segments.
727 Fifth Ave
NEW YORK, NY
Roger N. Farah
Independent Non-Executive Chairman of the Board
Chief Executive Officer, Director
Mark J. Erceg
Chief Financial Officer, Executive Vice President
Chief Human Resource Officer, Senior Vice President
Executive Vice President - Global Sales
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Price To Cash Flow (TTM)
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* LVMH in the middle of legal battle with Tiffany (Adds details on China performance, fashion brands)
Tiffany & Co said on Thursday sales have been rising through October as its business rebounds from pandemic lows, firing back at French luxury giant LVMH, which is looking to scrap its $16 billion deal for the U.S. jeweler.
Tiffany & Co said on Thursday sales have been rising through October on strong online demand for its jewelry.
French luxury goods group LVMH <LVMH.PA> is set to gain EU antitrust approval for its acquisition of U.S. jeweller Tiffany <TIF.N>, people familiar with the matter said.
EU antitrust regulators are set to approve French group LVMH's acquisition of U.S. jeweller Tiffany at the end of its preliminary review of the $16 billion deal, people familiar with the matter said.
A war of words between LVMH and Tiffany escalated on Tuesday with the French group describing Tiffany's prospects as "dismal" and the U.S. jeweller accusing LVMH of improperly trying to renegotiate a takeover deal.
Tiffany & Co said on Tuesday LVMH's countersuit to drop its $16 billion bid for the U.S. jeweler was just an attempt to evade paying the full purchase price.
LVMH <LVMH.PA> countersued Tiffany & Co <TIF.N> on Monday, arguing the iconic 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.
LVMH countersued Tiffany & Co on Monday, arguing the latter's financial mismanagement in the COVID-19 pandemic permits the French luxury goods giant to walk away from its $16 billion acquisition of the iconic U.S. jeweler.
France's presidential palace asked the country's Foreign Minister Jean-Yves Le Drian to write to LVMH advising the luxury goods company to defer its purchase of U.S. jeweller Tiffany, two sources familiar with the letter's origins told Reuters.
French foreign minister Jean-Yves Le Drian said on Tuesday his intervention asking LVMH <LVMH.PA> to defer its acquisition of Tiffany <TIF.N> was normal and followed an enquiry from the French luxury goods group.
France's Elysee Palace asked Foreign Minister Jean-Yves Le Drian to send LVMH a letter advising the luxury goods group to defer its acquisition of U.S. jeweller Tiffany, according to two sources familiar with the discussions inside the government about the letter.
A U.S. court on Monday fast-tracked Tiffany & Co's lawsuit against French luxury goods conglomerate LVMH for trying to back out of its $16 billion deal to acquire the jeweler.
Tiffany is getting the time but not the date. A Delaware judge ruled for a speedy trial to decide whether LVMH must go ahead with its $16 billion takeover of the U.S. jeweler. The whole thing ought to be wrapped up in four days. But the three months until the trial starts...
A Delaware Chancery Court justice on Monday agreed to fast-track Tiffany & Co's lawsuit against French luxury goods conglomerate LVMH for trying to back out of its $16 billion deal to acquire the U.S. jeweler.
EU antitrust regulators will decide by Oct. 26 whether to clear French luxury goods giant LVMH's $16 billion acquisition of U.S. jeweler Tiffany, according to a European Commission filing.
LVMH said on Friday it had submitted its troubled takeover of Tiffany, which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings.
LVMH <LVMH.PA> tried on Thursday to block an attempt by Tiffany <TIF.N> to fast-track legal proceedings in the United States to force the French luxury group to honour an acquisition deal agreed last year.
LVMH said on Thursday it had asked a U.S. court to reject a request by U.S. jeweller Tiffany, which is seeking to fast-track legal proceedings over its troubled $16 billion acquisition by the French luxury group.
French Finance Minister Bruno Le Maire said Foreign Minister Jean-Yves Le Drian was within his rights to ask LVMH to postpone a takeover of U.S. jeweler Tiffany, an intervention that threatens to derail the deal.
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