Of Tiffany & Co.’s 324 international shops, 70 per cent stay closed as at 30 April as a end result of spread of the coronavirus, together with all of its US and Canadian shops, 85 per cent of European shops, and ninety five per cent of Japanese stores. The Tiffany & Co. board accepts LVMH’s supply, which values the company at $US135 per share, calling it “an exciting path forward”. The acquisition is valued at $US16.2 billion – the most important in LVMH’s history, eclipsing its $US13.1 billion acquisition of luxury fashion house Christian Dior in 2017.
All business groups …

