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Tiffany sues LVMH for reneging on $16 billion deal

Updated : September 10, 2020 08:27 AM IST

The luxury industry is facing an unprecedented sales slump as a result of the pandemic, after a decade of stellar growth, with revenues expected to fall by as much as 35 percent this year.
It will take until 2022-23 for revenues to return to 2019 levels, according to consultancy Bain.
Tiffany sues LVMH for reneging on $16 billion deal

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