LVMHs acquisition of Tiffany will be postponed

category:Lady
 LVMHs acquisition of Tiffany will be postponed


We have great respect and admiration for Tiffany and will develop this jewelry brand with our dedication and commitment to every jewelry family, LVMH chairman and CEO Bernard arnualt said in a statement But LVMHs board is also worried about Tiffanys ability to pay off all of its debts when the deal is completed, the womens Wear Daily reported.

Whether the acquisition can be successfully completed or not, the luxury marriage case has attracted the attention of insiders, and LVMH group has taken every step cautiously. The gap groups second quarter results were dismal, of which 130 million revenue came from masks. Some luxury brands may raise prices again in September. Affected by the epidemic, the black five shopping festival in the United States was forced to cancel. Source: Netease fashion editor: Liu Xu_ NQ7809

Whether the acquisition can be successfully completed or not, the luxury marriage case has attracted the attention of insiders, and LVMH group has taken every step cautiously.