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LVMH.PA chief Bernard Arnault is set to visit China, two sources told Reuters on Thursday, as European luxury goods makers closely track the pace of recovery of the key market following three years of COVID disruptions. One of the sources close to the matter…
French luxury-goods group LVMH has dropped its plan to take over Tiffany & Co, prompting the New York jeweler to announce it will file a lawsuit to enforce the deal. The US$16.2 billion takeovers was agreed to before the advent of the Covid-19 pandemic and…
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, announced record sales of 42.6 billion Euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. Its net profit popped 29%. The news sent LVMH‘s…
