Saturday, 16 October 2021

Tag Archives: luxury group

LVMH close to buying Tiffany for more than $16.3 billion

PARIS: French luxury group LVMH was hoping to clinch a deal to acquire US jewellers Tiffany after bidding more than $16 billion, according to a source close to the deal, confirming press reports. The deal would cost more than $16.65 billion once debt has been factored in, said the source, ...

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Sales growth eases at Kering’s star Gucci brand

PARIS: Sales at Gucci rose more slowly than expected in the second quarter, taking the shine off a jump in profit margins at the Italian fashion label which contributes the bulk of revenue and profit at luxury group Kering. Investors are keeping a close watch on the extent to which ...

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