LVMH Requests to Delay Tiffany & Co. Lawsuit By “Six to Seven” Months
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The jeweler’s board chairman says the French conglomerate is trying to “run out the clock.”
As the $16.2 billion USD deal implodes, the luxury titans duke it out in court.
The luxury jewelry label seeks to enforce the $16.2 billion USD deal.
However, CEO Bernard Arnault underscores the conglomerate’s “resilience.”
With the Tiffany & Co. deal still at a standstill.
Unsurprisingly, high turnover is purely a result of the bottom line.
The company is now forced to amend its debt agreements.
The pandemic has deprived fashion-focused titles of necessary ad revenue.
Propelled by her Fenty partnership with LVMH.
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