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Tiffany Buyer LVMH Reports a Vigorous Q3 Rebound Despite COVID

Rhian Hunt, The Motley Fool
·2-min read
Tiffany Buyer LVMH Reports a Vigorous Q3 Rebound Despite COVID

European fashion and luxury goods giant LVMH Moet Hennessy (OTC: LVMHF), which is currently involved in a prolonged and uncertain acquisition of Tiffany & Co. (NYSE: TIF), reported its third-quarter 2020 results earlier today. A breakdown of business activity by sector indicates LVMH is actually ahead of 2019 in its Fashion & Leather Goods segment, with a 12% revenue rise year over year. LVMH's fortunes are recovering, but in the meantime, Moet Hennessy and Tiffany are busily hurling lawsuits at one another.

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