Harrods owner Qatar Investment Authority made a gain of around $892 million when it sold shares in Tiffany & Co as part of LVMH’s $15.8 billion acquisition, according to analyst estimates and filing data.
Matchesfashion may have made a loss in the 12 months immediately before the pandemic hit last year, but its directors said they were “satisfied” with the results in the year as sales rose and it invested in the business.
Harvey Nichols has promoted its COO to its top job with Manju Malhotra becoming CEO. She now runs the UK and international stores, plus the online business, at the toughest time for luxury retail in decades.
US jeweler Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year.