Editor’s Note
This article highlights two significant developments in the luxury sector: Tiffany & Co.’s record jewelry sales under LVMH ownership and LVMH’s reported interest in acquiring a stake in Armani. Together, they underscore the ongoing consolidation and strategic expansion within the high-end market.
Tiffany & Co. Reports Record Jewelry Sales
Tiffany & Co., a subsidiary of LVMH, achieved record global sales in fine jewelry during the third quarter, underscoring the brand’s robust performance in the luxury jewelry sector.
LVMH Eyes Armani Stake
LVMH Moet Hennessy Louis Vuitton is a key potential buyer for a 15% stake in Armani, as a new board is set to manage the company’s succession after founder Giorgio Armani’s death.