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Tag: LVMH Moet Hennessy Louis Vuitton SE

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

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Gwyneth Paltrow’s wellness brand Goop is coming to Sephora

Gwyneth Paltrow’s famous lifestyle brand Goop is about to hit Sephora stores, marking the first time it has partnered with another retailer to sell items like its vitamin chews and body scrubs. Up until now, Goop was only available at its own stores, on Goop.com and at some independent beauty shops. Starting Tuesday, Goop’s wellness …

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How department stores lost their clout in the beauty industry

Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images In the beauty business, there’s been a changing of the guard over the past decade. Social media has bolstered the success of specialty stores and cultivated a number of billion-dollar upstart beauty brands that are going …

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French luxury stocks drop as Trump threatens heavy new tariffs

Matthew Lloyd | Getty Images Shares of French luxury goods makers, including LVMH and Hermes, dropped in European trading on Tuesday after President Donald Trump’s administration said it may place heavy tariffs on several goods. LVMH – which includes the brands Louis Vuitton and Hennessy – and Hermes each fell more than 2% following the announcement. …

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LVMH confirms deal to acquire Tiffany for $16 billion

A woman walks past a Tiffany & Co. store at a shopping mall in Beijing, November, 2018. Mark Schiefelbein | AP LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.2 billion, in a move that will give the company more access to U.S. luxury consumers. Confirming …

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Luxury goods are like the new consumer staples in China

Luxury goods are the new consumer “staples” for Chinese consumers, according to Raphael Pitoun, portfolio manager at CQS New City Equity. Speaking to CNBC’s “Squawk Box Europe” after confirmation that Louis Vuitton owner LVMH had agreed a $16.2 billion deal to buy Tiffany & Co, Pitoun said LVMH’s experience growing the Bulgari brand internationally would …

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LVMH reaches deal to acquire Tiffany for $16.3 billion

Pedestrians pass in front of a Tiffany & Co. store. Akos Stiller | Bloomberg | Getty Images Bulgari owner LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.3 billion, according to sources familiar with the matter.  The boards of the luxury firms have been discussing a …

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‘We keep changing’ to fend off fakes

The RealReal is constantly updating its operations in an effort to prevent and remove counterfeit products from its website, founder and CEO Julie Wainwright told CNBC Tuesday. “What we did even in August of this year doesn’t look like what we do now,” Wainwright said in a “Mad Money” interview with Jim Cramer. “We have …

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