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In an announcement launched on its website, LVMH management expresses “shock” at Tiffany & Co.’s authorized filing in the US, calling it “totally unfounded” and “communicated in a misleading way to shareholders and… defamatory”. Of Tiffany & Co.’s 324 worldwide shops, 70 per cent stay closed as at 30 April due to the unfold of the coronavirus, together with all of its US and Canadian stores, eighty five per cent of European shops, and ninety five per cent of Japanese stores. US monetary publication Bloomberg stories that LVMH has submitted a revised supply of $US15.7 billion, although representatives for LVMH…

In an announcement launched on its website, LVMH management expresses “shock” at Tiffany & Co.’s authorized filing in the US, calling it “totally unfounded” and “communicated in a misleading way to shareholders and… defamatory”. Of Tiffany & Co.’s 324 worldwide shops, 70 per cent stay closed as at 30 April due to the unfold of the coronavirus, together with all of its US and Canadian stores, eighty five per cent of European shops, and ninety five per cent of Japanese stores. US monetary publication Bloomberg stories that LVMH has submitted a revised supply of $US15.7 billion, although representatives for LVMH…