The luxury conglomerate touts mass appeal but is still struggling to make up for the year.
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.
Pushed back for another three months.
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.