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Tag: Tiffany & Co

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 …

At least 150 companies have warned investorsRead More

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 …

LVMH confirms deal to acquire Tiffany for $16 billionRead More

With Tiffany, LVMH grows in jewelry and Tiffany gets a chance to shine

The $16.2 billion deal by Louis Vuitton’s parent company LVMH to buy Tiffany & Co. — the biggest ever in the luxury sector — is expected to benefit both parties. For LVMH, the deal will give the world’s largest luxury goods company a bigger name in fine jewelry and make it a bigger player in …

With Tiffany, LVMH grows in jewelry and Tiffany gets a chance to shineRead More

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 …

Luxury goods are like the new consumer staples in ChinaRead More

Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earnings

Retail is set to reverse. That’s the call Mark Newton, founder and president of Newton Advisors, made Wednesday on CNBC’s “Trading Nation” after seeing the SPDR S&P Retail ETF (XRT), which tracks the sector’s top stocks, fall more than 3% week to date in the wake of weak earnings reports from Kohl’s and Urban Outfitters. …

Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earningsRead More

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 …

LVMH reaches deal to acquire Tiffany for $16.3 billionRead More

Timeline of New Jersey’s American Dream megamall and how it got built

This is a rendering of the American Dream project in New Jersey which is scheduled to begin opening to the public on Oct. 25, starting with the Nickelodean theme park. Source: Triple Five Group After more than 17 years in the making, the first phase of America’s newest megamall will finally open to the public …

Timeline of New Jersey’s American Dream megamall and how it got builtRead More

A Barneys liquidation grows more likely as rival deal falls flat

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images A deal led by retail investor Sam Ben-Avraham to buy Barneys New York out of bankruptcy fell flat in court Thursday, making the …

A Barneys liquidation grows more likely as rival deal falls flatRead More

Tiffany’s holiday advent calendar will set you back $112,000

Tiffany Advent Calendar Source: Tiffany&Co. Have a holly, jolly six-figure Christmas. As the countdown to the holiday season begins, Tiffany & Co. is offering branded advent calendars  — with a steep price tag. Each Tiffany-blue, 24-day calendar will set you back $112,000.  The luxury jewelry retailer released four exclusive “Ultimate Advent Calendars” that will include …

Tiffany’s holiday advent calendar will set you back $112,000Read More

You can’t shop at New Jersey’s American Dream on Sundays. Here’s why

It’s quite ironic. A massive entertainment and retail complex is opening in the last county in the country where commercial shopping is still prohibited on Sundays. The first phase of the project opens Friday, featuring a Nickelodeon-themed park and ice skating rink. Other parts of the complex will open in phases, including a water park, …

You can’t shop at New Jersey’s American Dream on Sundays. Here’s whyRead More