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Search resuls for: "Bernard Arnault’s LVMH"


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New York CNN —A fire near Tiffany & Co.’s newly renovated flagship store in New York City sent smoke pouring out of the building on Thursday. Firefighters responded to a transformer fire that began in an electrical vault next to the jewelry store’s 5th Avenue location in Manhattan. Videos on social media showed dark plumes of smoke coming out of the historic building and spilling into the street. The fire comes just over two months after Tiffany officially reopened the doors of its 10-floor limestone flagship shop. The 5th Avenue flagship accounted for 10% of the brand’s global sales before it closed for renovations.
Persons: Firefighters, Tiffany, Bernard Arnault’s LVMH, Arnault, ” Tiffany’s, Jean, Michel Basquiat, Julian Schnabel, , Zenebou Sylla Organizations: New, New York CNN, Tiffany, The New York Fire Department, FDNY, Wall Street Locations: New York, New York City, Manhattan, The
Loafer buyout flop may have sting in the tail
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +1 min
MILAN, Oct 26 (Reuters Breakingviews) - Founder Diego Della Valle’s stingy attempt to take luxury shoemaker Tod’s (TOD.MI) private appears to have floundered. Della Valle’s refusal to lift the bid price appears puzzling. Adding perhaps 10% to the offer price would have mollified the naysayers. Investors would be forced to accept illiquid stock or compensation based on Tod’s average price in the six months prior to the offer. Della Valle’s next deal could be even stingier.
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