The account is understood worth between US$450 to $500 million in annual billings. Last year, Asia was said to account for 37 per cent of LVMH’s total revenue of S$13.1 billion, making it the largest share of global revenue. According to the report, Japan alone accounted for 8 per cent of global revenue in the first quarter of 2016.
Sep 10, 2020 · PARIS/NEW YORK: Tiffany & Co sued LVMH on Wednesday after the French luxury goods giant told the U.S. jeweler it could not complete a $16 billion deal to acquire it because of a French government request and the impact of the coronavirus outbreak. LVMH, led by lvmh sales 0 login billionaire Bernard Arnault, said its board had received a letter from the French foreign ministry asking it to delay the acquisition ...
Oct 27, 2020 · Read more about Tiffany, LVMH in indirect talks to settle dispute over $16 bn deal: Report on Business Standard. The two parties could be looking to slightly lower the price of the deal or potentially move to a tender offer, the report said
2 days ago · Kering and LVMH also suggested double-digit revenue growth there, and Prada confirmed that its China sales had grown by 60 percent since March. Thanks to this robust, post- COVID-19 growth, the China market is now projected to account for 50 percent of global luxury spending in 2020 — an increase of over 37 percent from 2019.
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