LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, reported jewellery and watch revenue growth of 18% to €10.58 billion in 2022, in comparison with 2021. The division’s profit from recurring operations was up 20% to €2.01 billion. LVMH said, “Tiffany & Co. had a record year, driven by its increasing desirability. While […]

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Francesco Tripani, director on Tiffany’s board, has resigned only four days after the company was acquired by LVMH. It was believed that Tripani was instrumental in brokering the $16.2billion (£12.5billion) deal, one of the largest jeweller acquisitions ever. Tripani had good relations with LVMH in the past. In 2011 LVMH chairman and chief executive officer […]

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