Meanwhile, the luxury men’s and women’s brand, which sells $1,000 parkas and $240 baseball caps, continues to grow — even in the era of coronavirus.
Tiffany will donate 100 percent of summer proceeds from its Infinity collection to CARE — a charity focused on underserved communities affected by the virus.
The chairman and ceo of LVMH Moët Hennessy Louis Vuitton hopes for a gradual recovery in the second half of the year.
The jeweler gained some extra headroom on its debt obligations after LVMH started taking a hard look at its $16.2 billion buyout.
But it confirmed its board met to discuss “potential impact on the results and perspectives of Tiffany & Co. with respect to the agreement that links the two groups.”
The luxury giant’s hard look at its $16.2 billion deal to buy the New York-based jeweler could lead it to a better price or no deal at all.
While uncertainty looms over LVMH’s $16.2-billion offer for Tiffany & Co., the jeweler presses ahead with its China expansion.
Instead, the luxury retailer emphasized the markets around the globe where it continues to grow.
As Tiffany & Co. releases a new iteration of its “T” collection called T1, WWD speaks with the jeweler’s current and former lead designers.
Authorities in Australia have pushed back their review timelines given the outbreak.
Tiffany & Co., VF Corporation and the De Beers Group all announced sizable donations to coronavirus-related charities on Monday.
Tiffany & Co.’s T1 collection will hit stores at least a month later than planned as the coronavirus continues hit retail hard.
The company said it will stick to the terms of its takeover agreement with Tiffany & Co. despite the coronavirus scare.