LVMH

The acquisition of Tiffany & Co by French luxury group LVMH is delayed by three months, for reasons that are not disclosed. LVMH will have to wait for 24 November to put Tiffany's diamond ring around its finger.

It is looking increasingly unlikely that LVMH will pay the agreed sum of 16.2 billion dollars for American jeweller Tiffany & Co. The French luxury group wants to get out of the deal or arrive at a lower takeover fee.

Now that 'normal' life is at a standstill, a real corona industry is emerging: distilleries, breweries and perfume makers are switching to the production of disinfectant alcohol. Even LVHM is replacing perfume bottles with hand gel.

LVMH's Bernard Arnault is convinced that no e-commerce player can make a profit from online fashion sales at all, but is he right? We took a look at the biggest fashion platforms.

French luxury group LVMH saw its turnover grow by 15 % in 2019, achieving a sales record once again. Yet protests in Hong Kong weighed on the luxury group’s last quarter, and analysts are holding their breath for the consequences of the coronavirus. 

The production and distribution of fashion causes major environmental and social problems and current efforts are not sufficient to make the sector truly sustainable. If fashion companies and retailers do not act quickly, their profitability will be compromised, according to a Barclays analyst report. Primark, Inditex, H&M and Zalando, among others, may feel addressed.

French luxury group Kering (Gucci) has been rumoured to make a bid on Italian clothing and lifestyle company Moncler. The expensive down coats producer would be the latest target in a continuing war with archrivals LVMH.