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LVMH, Tiffany Engage In Luxurious War Of Words

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The two ultra-high-end brands were supposed to be part of the same happy family after LVMH agreed to buy Tiffany earlier this summer, but the deal has dissolved into courtroom battles and public recriminations. In the balance lies the future of one of retail’s truly iconic luxury brands. LVMH said Tuesday (Sept. billion takeover.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

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Premium jeans brand True Religion has filed for bankruptcy for the second time in three years, according to court filings. The court filing took place in Delaware on Monday, April 13. Due to the pandemic forcing stores to close, around a million employees of various brands and retailers have been furloughed.

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Hard Times For Soft Drinks As Coca-Cola Puts The Lid On Tab

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It’s our cryptic way of conveying the hurtful news that Tab, one of America’s proto-diet colas and the “drink of beautiful people” since 1963 will shuffle off its carbonated coil as Coca-Cola goes on a diet, trimming its roster of beverage brands due to the COVID-19 shift. Tab is not alone in Coke’s beverage boneyard. Ample liquidity, huh?

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Garment Factories Reeling As Importers Stop Orders Among Weak Sales

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The pandemic’s turmoil upon markets, with closed stores and plummeting demand for retail goods like clothing, only compound on the existing problems manufacturers in countries like Bangladesh face. In Bangladesh, jeans maker Denim Expert Ltd. sent out a shipment of clothing weeks ago and has not received the payment as expected.

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LVMH Eyes Ways To Change $16.2B Tiffany & Co Purchase

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jewelry market. Reuters sources said Tiffany stated LVMH doesn’t have ground to go back on its word, and if the company contests LVMH ‘s attempts to renegotiate, the deal could end up going to court in Delaware. If the deal doesn’t go well, it would be more difficult for LVMH to try again later.

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Bon-Ton Is The Next Retailer To File For Bankruptcy

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The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. Before the announcement, Bon-Ton announced it would shutter 40 out of its 260 brick-and-mortar stores across its various brands.

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Lidl’s Tactical Retreat In The US

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Small but mighty, German discount grocer Lidl — a brand known for not only its low prices, but also its innovative store layouts and private labels, including clothing — has already gobbled up 3 percent of local market share since the chain came to Winston-Salem, North Carolina, in June 2017. jobs in the next year.

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