LVMH Tiffany Merger Deal Scrapped: Tiffany Stock Faces Near Instability

 

 

Tiffany’s stock (NYSE: TIF) and Louis Vuitton Pending merger will not be happening anytime soon. Tiffany stock is down 10% year to date and more instability is expected going further. There has been a weak demand for luxury goods. Tiffany has suffered a 37% lost in earnings year to date. year over year earnings in Q2 2020 revenues plunged to 747 million dollars, 29% from a year ago.

Due to COVID-19 spending is down along with rising unemployment levels and stay at home orders and store closures. This has affected Tiffany earnings greatly. With a strong global presence and loyal customers, the brand should have a bright future as it is one of the most coveted brands in the luxury retail market.

The special  shade of “robin egg” blue  is closely identified with the Tiffany brand and often called Tiffany Blue. That little blue box we love to give our family, friends and loved ones is an American icon that has come to symbolize exclusivity and unmatched craftsmanship.

The Tiffany Blue Box®
The distinctive color known as Tiffany Blue® was selected by founder Charles Lewis Tiffany for the cover of Blue Book, Tiffany’s annual collection of exquisitely handcrafted jewels, which was first published in 1845. Source ; Tiffany

Photo by Korie Cull on Unsplash


Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.