Paris/New York — Tiffany is in discussions with LVMH to reduce the price of the French luxury giant’s contested deal to buy the US jeweller, according to a person familiar with the matter. The ...
LVMH sales plummet in H1 due to Covid-19 28th July, 2020 by Melita Kiely The wine and spirits arm of LVMH saw profits plunge during the first half of 2020 due to the economic challenges brought on ...
Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH showed exceptional resilience to the serious health crisis the world experienced in the first half of 2020. Our Maisons have shown remarkable agility in implementing measures to adapt their costs and accelerate the growth of online sales.
Oct 15, 2020 · Sales of perfumes and cosmetics were down 16 percent in the third quarter, despite a steady increase in online sales and a promising start for Fenty’s new skin-care line.
Oct 19, 2020 · In a press statement, LVMH wrote: “Online sales grew steadily in the third quarter and there was a significant improvement in trends in stores as well.” The Christian Dior owner also recorded a 25% decline in organic revenue for its beauty division in the first nine months of 2020.
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