Alexandre Arnault, son of LVMH chairman and CEO Bernard Arnault, will depart his function as CEO of luxury luggage producer Rimowa – additionally part of LVMH – to turn out to be Tiffany & Co.’s govt vice-president of product and communication. Arnault’s new place largely replaces the role of Daniella Vitale, who will depart Tiffany slightly over a yr after being named as its executive vice-president and chief model officer. During an extraordinary meeting conducted digitally on 30 December 2020, greater than 99 per cent of Tiffany & Co. shareholders approve LVMH’s new provide of $US131.50 and the terms of the revised merger settlement.
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Our survey results show that products lighter than 10 grams have made the largest contribution to H1 income for retailers . Since lighter products naturally have a lower per-unit ticket value, we will draw the conclusion that they’ve a notably greater turnover ratio than heavier ones. Mass-appeal gold jewelry products have been and are likely to stay a key part of most retailer inventories.
The Jewellery Editor Meets
Why jewelers are turning to YouTube to develop their sales—and their model. As the LGD class transitions from newfangled outlier to well-liked different, the worth proposition has evolved—as have the conversations retailers must be having with shoppers. For jewelers—retailers in particular—there is a pervasive sense that they are on the front traces. What are the highest trending merchandise on buyers’ shopping lists as they head to Sin City?
- For that cause, jewellery valuations can fluctuate as a result of altering market situations, trade charges, metallic costs and even the fickle finger of style.
- However, ICRA tasks a reasonable growth fee of 6-8% in H2 FY2024 because of tepid rural demand amid persistent inflation.
- “I’ve seen an enormous development towards ‘perch’ rings, whereby the gem is perched on the band and/or enveloped by gold,” she says.
- “After talking with our prospects and neighborhood, we realised so many of us have items gathering dust in our jewellery bins, and we wished to supply a sustainable solution to this.