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Bernard Arnault Reveals LVMH's Transformation of Tiffany: A "Sleeping Beauty" Awoken
In a recent interview, Bernard Arnault, the CEO of LVMH Moët Hennessy Louis Vuitton, expressed his enthusiasm regarding the dramatic changes made to Tiffany & Co. since LVMH acquired the iconic American jeweler in early 2021 for an astounding $15.8 billion. Arnault characterized Tiffany as a "sleeping beauty" prior to LVMH's acquisition, indicating that the brand's true potential was not being realized until now.
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Tiffany & Co.'s NYC Flagship Faces Staff Turnover Amid Pressures of High Sales Targets
In a development that has sent ripples through the luxury retail sector, Tiffany & Co.'s flagship store in New York City has experienced a notable wave of employee departures in recent months. The exodus is attributed primarily to the overwhelming pressure exerted by increased sales goals that have left many staff members feeling stretched thin and overworked.
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