Tiffany accused Costco of selling counterfeit engagement rings. Image credit: Tiffany & Co.
Luxury Daily’s live news for July 21:
Tiffany, Costco resolve nearly decade-long legal dispute
LVMH-owned jeweler Tiffany & Co. has settled a more than eight-year-old lawsuit accusing U.S. wholesale retailer Costco of trademark infringement and counterfeiting.
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Salvatore Ferragamo revenue up 44pc in H1 2021
Italian fashion company Salvatore Ferragamo Group has reported more $617 million in revenue, a 44.1 percent increase year-over-year, for the first half of 2021.
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LVMH brands help celebrate NBA champion Milwaukee Bucks
LVMH’s Moët & Chandon, Tiffany & Co. and Louis Vuitton are celebrating American basketball team the Milwaukee Bucks after their win against the Phoenix Suns in the NBA Finals on July 21.
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Gucci presents LACMA 2021 Art+Film honorees
The Los Angeles County Museum of Art (LACMA) has announced the honorees of its 2021 Art+Film Gala, presented by Italian fashion house Gucci.
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Snapchat, Verishop launch social shopping partnership
Social media platform Snap Inc. has partnered with Southern California-based online retailer Verishop to launch Verishop Mini.
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LVMH asserts luxury dominance with latest acquisitions
The luxury industry is experiencing a flurry of M&A activity, perhaps best exemplified by the shrewd moves and investments made by French luxury conglomerate LVMH Moët Hennessy Louis Vuitton.
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