“Unfortunately, there is not any one ‘magic bullet’ that will be the single solution to thrive in today’s retail climate,” he mentioned. Zarb defined that there isn’t any easy reply to solve the challenges retailers currently face. Noted that whereas the JobKeeper program, loan and mortgage deferrals, and other government stimulus cushioned the initial blow of COVID-19, consumer spending is expected to drop and then remain stagnant in the medium-term. “And finally, we carried out varied advertising activities to spice up gross sales,” he added. More broadly, the group also launched its Global Diamond Vault, which gives members access to licensed diamonds from both native and abroad suppliers.

Citing sources near the negotiation, business publication Financial Times reports that Tiffany & Co.’s board of administrators accepted a new revised offer from LVMH of $US131.50 per share throughout an in a single day assembly on Wednesday 28 October. Women’s Wear Daily …