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It also refuted claims that it had mismanaged the crisis, stating that retailer closures were “totally in maintaining with its legal obligations” and carried out to guard the safety of staff and customers. In its quarterly report, Tiffany & Co. management confirms gross sales have fallen forty five per cent due to the influence of COVID-19, together with an 85 per cent fall in Mainland China in February. And for LVMH, the record-breaking deal offered a possibility to double the revenue of its smallest division – watches and jewellery – with a model aligned with its values of heritage, custom, …