LVMH reportedly nearing deal to acquire Tiffany & Co.
Luxury giant LVMH is reportedly nearing an agreement to add another brand to its portfolio, a deal that would come wrapped in a little blue box.
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Luxury giant LVMH is reportedly nearing an agreement to add another brand to its portfolio, a deal that would come wrapped in a little blue box.
LVMH and Tiffany & Co. are finally getting together after weeks of anticipation.
In the early 1990s, color went to court. The Chicago-based company Qualitex, which produces green-gold press pads for dry-cleaning plants, sued St. Louis's Jacobson Products for making the same items in the same hue.
Tiffany & Co. already warned in January that sales during the holiday were weak. It turned out that demand for jewelry and other bling in the company's trademark blue boxes was a bit worse than what investors expected.
Tiffany is rebranding as a company for the young and hip. And actually pulling it off.
It looks like consumers around the world are having breakfast, brunch, lunch, dinner and dessert at Tiffany's.
The Trump Tower traffic nightmare near Tiffany's flagship New York store on Fifth Avenue may have diminished somewhat -- but the iconic jewelry retailer's sales continue to slump.