Tiffany Furniture Going Out Of Business
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Eliminating currency fluctuations total sales were flat and comparable store sales fell 4.
Tiffany furniture going out of business. In asia pacific sales looked better though comparable stores sales also dropped. If you can t sell an american institutional brand to your own people in the united states you are going to go out of business in the same way as brooks brothers. But paris based lvmh pulled the plug this week on its. Pier 1 furniture dinnerware and home goods have been fixtures in our dorm rooms apartments and homes for years and now s your last chance to buy from the homewares brand which is going out.
Tiffany s prices for the items range from 2 500 to 790 000. Globally tiffany s holiday business was a mixed bag. In europe sales during the two months plunged 10 year over year and comparable store sales plunged 11. French luxury giant s tiffany tie up in tatters after tariff tiff the merger would have been the largest in the luxury retail sector.
Lvmh expanded its rationale for pulling out of its biggest acquisition ever saying the deal to buy tiffany was no longer valid because the company had been mismanaged during the pandemic.
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