Louis Vuitton parent company LVMH wants to make an attempt with a lower takeover bid to help American jewelry maker Tiffany & Co. to take over. The deal seemed to bounce last month, as LVMH said it would no longer be able to meet the takeover deadline.
LVMH, the parent company of luxury brands such as Louis Vuitton and Dior, saw a large part of the profit evaporate in the first half of 2020. Due to the lockdowns, the company sold far fewer products and still had 522 million euros under the line, compared to almost 3.3 billion euros in the same period last year, according to the half-year figures.
Oct 24, 2020 · LVMH is not out of the woods. The company—parent to legacy brands louis vuitton parent company lvmh report like Bulgari, Guerlain and Dom Pérignon—reported a 21% drop in revenue in …
Louis Vuitton is the world's most valuable luxury brand and is a division of LVMH. Its products include leather goods, handbags, trunks, shoes, watches, jewelry and accessories.
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