lvmh
New York (AFP) - Luxury giant LVMH has directed US administrative employees of jeweler Tiffany to resume working part-time at the office on March 1, a person close to the company told AFP Friday. The French company, which completed its acquisition of Tiffany last month, announced the policy in a memo to staff first reported by The Wall Street Journal. The policy -- which requires staff to work two days a week in concert with local health regulations -- pertains to workers at Tiffany's New York City headquarters and at some sites in New Jersey, the person said. Tiffany sales staff have been wor...
AFP
New York (AFP) - LVMH and Tiffany have revived talks to try to resuscitate their merger, which has been on shaky ground since late summer, a person close to the talks said Tuesday.Among the options, the companies are discussing possibly lowering the price, so LVMH would pay between $130 to $133 a share for Tiffany, instead of $135 under a $16.2 billion deal, the source told AFP.The two companies declined comment.The parent to luxury brands such as Louis Vuitton, Dior and Moet & Chandon, LVMH announced its plan to acquire Tiffany and it's iconic robin's egg blue gift boxes at the end of 2019.Bu...
AFP
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