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April 3, 2020
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Jewelry

LVMH denies open-market purchase of Tiffany shares

March 23, 2020

Designed by chief artistic officer Reed Krakoff, this assortment of rings from the Extraordinary Tiffany: High Jewelry Collection Spring 2020 honors Tiffany’s longstanding tradition of incorporating yellow diamonds in creative jewelry design. Image credit: Tiffany & Co. Designed by chief artistic officer Reed Krakoff, this assortment of rings from the Extraordinary Tiffany: High Jewelry Collection Spring 2020 honors Tiffany’s longstanding tradition of incorporating yellow diamonds in creative jewelry design. Image credit: Tiffany & Co.

 

By Luxury Daily News Service

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has put the kibosh on rumors that it was buying U.S. jeweler Tiffany & Co.’s shares on the open market as the stock took a major beating last week.

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  1. Preparing to reignite your luxury business post-pandemic
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  3. Luxury executives expect shutdowns to go on for months
  4. Kering’s Pomellato, DoDo jewelry brands, with $109K donation, take stand against domestic abuse in housebound Italy
  5. Bloomingdale’s parent Macy’s teeters on edge, furloughs almost all employees
  6. Neiman Marcus Group, ravaged by COVID-19 lockdown, to furlough or cut salaries of most employees
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