Tiffany & Co. executives will be happy that the final hurdle to the jeweler’s bumpy union with LVMH Moët Hennessy Louis Vuitton has been removed. Global sales will be down 15% in 2020 compared with last year’s levels based on Bain & Company estimates. Tiffany might still underperform the global jewelry market, though. LVMH has a good record in taking jewelry brands upmarket. Now that the drama of this merger is over, the work needed to polish up Tiffany can begin.

Source: Mint December 31, 2020 02:37 UTC