October 30, 2020
Luxury Daily’s live news for Oct. 30:
Mercedes-Benz, Aston Martin expand technology partnership
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton is ready to tie the knot with U.S. jeweler Tiffany & Co., after the two companies agreed to change the price of the acquisition.
Bentley brightens up jewelry offerings with colored gemstone collection
British automaker Bentley Motor is adding rare gemstones to its jewelry collection lineup.
Lightbox becomes first lab-grown diamond brand on Blue Nile
De Beers’ lab-grown diamond brand Lightbox is opening a new manufacturing facility, as it enters into a new partnership with an ecommerce player.
Wall Street sees worst week since March as second wave of lockdowns continues
The stock market ended October on a downswing, suffering its worst week since March amid growing coronavirus cases and political uncertainty.
LVMH’s revised deal for Tiffany & Co. may hint at luxury recovery
French luxury conglomerate LVMH’s updated deal to buy Tiffany & Co. at the reduced price of $15.8 billion is being met with enthusiasm as industry experts say it suggests CEO Bernard Arnault is seeing tepid signs of recovery in the wider luxury market.