LVMH tells Tiffany employees to return to office in March - WSJ
Reuters
Published Feb 05, 2021 10:07AM ET
(Reuters) - A month after acquiring Tiffany & Co (NYSE:TIF), French luxury goods giant LVMH told employees at the U.S. jeweller to return to the office two days a week beginning March 1, the Wall Street Journal reported on Friday.
LVMH, which closed the $15.8 billion acquisition of Tiffany on Jan. 7, had appointed the son of company founder Bernard Arnault in a new leadership team at the U.S. jeweler.
Both LVMH and Tiffany did not immediately respond to a request for comment.
The Journal report, which cites people familiar with the situation, comes as COVID-19 cases in the United States have started to ease, but still remained much higher than pre-October levels.
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Written By: Reuters
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