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Savigny Luxury Index posts strong performance in November

Closed Tiffany store in China because of the coronavirus (Covid-19). Image credit: Shutterstock After months of negotiations, LVMH recently revised its deal to buy Tiffany for $15.8 billion. Image credit: Tiffany

 

The unveiling of a trio of COVID-19 vaccines as well as better-than-expected performances by Tiffany & Co., Richemont and Brunello Cuccinelli fueled optimism for the luxury sector in November.