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European Luxury Extends Losses After Kering Warning on Lower Profit
LVMH Stock Drops After Luxury Heavyweight Adds to Worries Over Chinese Demand -- WSJ
Stocks to Watch Wednesday: Tesla, Alphabet, Visa, LVMH
Luxury Stocks Hit After LVMH Misses Expectations -- Market Talk
Tiffany's sales target is difficult to achieve, and employees are defecting to competitors.
LVMH spent $16 billion to acquire Tiffany, making it one of the largest jewelry retailers in the world. Three years later, the most expensive luxury acquisition in history seems to have not been running according to plan. The jewelry industry is slowing down, and Tiffany's sales have failed to meet the company's ambitious goals. Bernard Arnault, CEO and tycoon of LVMH Group, suggested that patience be maintained for the transformation of this jewelry retailer. "Things cannot be done all at once," he said in an interview in June. Although Tiffany is struggling, it may turn around in the future if enhancements are made to its product offerings.
Rolex Prices Are Falling and Supplies Are Rising
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