Day’s wrap: LVMH, Bulgari, Net-A-Porter, Zegna and Bain

Published: March 27, 2020

Luxury Daily’s live new: LVMH expects first-quarter revenue to drop 10-20pc over COVID-19 measures; 4 questions for CEO Jean-Christophe Babin on Bulgari’s lending hand to Italian authorities; Net-A-Porter suspends operations in US and Europe, keeps Asia Pacific open; Zegna family, management to chip in $3.3M for Italian anti-COVID-19 effort; Luxury business, while resilient, likely to contract $66B to $77B in 2020.

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LVMH denies open-market purchase of Tiffany shares

Published: March 23, 2020

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has put the kibosh on rumors that it was buying U.S. jeweler Tiffany & Co.’s shares on the open market as the stock took a major beating last week.

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Elsewhere: Marriott, Sol Kerzner, Emirates, LVMH and dressing for work

Published: March 23, 2020

Elsewhere in luxury: Marriott, hotel owners furlough thousands of workers, cut staff; Sol Kerzner, pugnacious businessman who developed the controversial gambling resort Sun City – obituary; Emirates Airline steps back from suspending all passenger flights after lobbying from governments; Inside the factory: how LVMH met France’s call for hand sanitizer in 72 hours; What does “dressing for work” mean now?

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