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Tiffany Reports Third Quarter Results
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. 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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Tiffany & Co, which is being bought by French luxury giant LVMH, beat Wall Street expectations for quarterly profit on Tuesday as the U.S. jeweler benefited from an over 70% rise in sales in China and a recovery in demand at home.
Tiffany & Co, which is being bought by French luxury giant LVMH, reported a smaller-than-expected decline in quarterly revenue on Tuesday as the U.S. jeweler benefited from strong sales in China and a recovery in demand at home.
By Sarah White, Gwénaëlle Barzic, Pamela Barbaglia and Silvia Aloisi
France's LVMH <LVMH.PA> will pay slightly less to acquire U.S. jeweler Tiffany & Co <TIF.N> after the two companies agreed to end a bitter dispute triggered by the COVID-19 pandemic and salvage the luxury sector's biggest-ever deal.
What was all that fuss about? Bernard Arnault’s sudden reconciliation with his less-sparkly target Tiffany is puzzling. Overcome with buyer’s remorse over the $16.2 billion deal before the pandemic, the LVMH boss trashed the U.S. jeweller’s management, went to legal war...
U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, ending a bitter legal dispute between the two, the companies said on Thursday.
U.S. jeweler Tiffany & Co <TIF.N> has agreed with LVMH <LVMH.PA> to slightly lower the price of its acquisition by the French luxury goods group, in a move set to end a legal dispute between the two, sources familiar with the matter said on Wednesday.
U.S. jeweler Tiffany & Co is close to reaching an agreement with LVMH to lower the price of its acquisition by the French luxury goods giant to $131.5 per share, a source familiar with the matter told Reuters.
Tiffany & Co is nearing a revised deal to lower its takeover price by LVMH to $131.50 per share, or $3.50 less than what was agreed in last November, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. (https://on.wsj.com/3e5AHIH)
U.S. jeweler Tiffany & Co and French luxury goods giant LVMH are in talks to settle their dispute over a $16 billion takeover at a price slightly lower than that initially agreed, sources familiar with the matter said on Tuesday.
U.S. jeweler Tiffany & Co and French luxury goods giant LVMH are in indirect talks to settle their dispute over a $16 billion takeover deal, CNBC reported on Tuesday, citing people familiar with the matter.
Tiffany & Co has received all regulatory approvals needed for the completion of its $16 billion acquisition by French luxury goods group LVMH, the U.S. jeweler said on Monday after it received a nod from the European Commission.
Tiffany & Co has received regulatory approvals from the European Commission for its $16 billion acquisition by French luxury goods group LVMH, the U.S. jeweler said on Monday.
Recovering sales of Louis Vuitton handbags helped LVMH contain the fallout from the coronavirus crisis in the third quarter, as the world's biggest luxury goods group reported a smaller-than-expected drop in revenues.
Tiffany & Co <TIF.N> said on Thursday sales have been rising through October as its business rebounds from pandemic lows, firing back at French luxury giant LVMH <LVMH.PA>, 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.
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