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It also refuted claims that it had mismanaged the crisis, stating that store closures were “completely according to its legal obligations” and accomplished to guard the safety of staff and customers. In its quarterly report, Tiffany & Co. management confirms gross sales have fallen forty five per cent because of the impression of COVID-19, together with an 85 per cent fall in Mainland China in February. The Tiffany & Co. board accepts LVMH’s offer, which values the corporate at $US135 per share, calling it “an exciting Jewelery News path forward”. The acquisition is valued at $US16.2 billion – the most…
