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Tiffany Remains Strong Amid Jewelry Sales Slip at LVMH
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Tiffany Remains Strong Amid Jewelry Sales Slip at LVMH
LVMH’s jewelry and watch sales fell in the third quarter, even as Tiffany & Co. and Bulgari showed improvement. Revenue from the category decreased 3% year on year to EUR 2.32 billion ($2.7 billion) for the three months that ended September 30, LVMH reported Tuesday. Sales of jewelry and watches for the first nine months of the year slipped 2% to EUR 7.41 billion ($8.61 billion). Despite the overall downturn, sales at Tiffany and Bulgari, two of…
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