LVMH, which already owns 75 brands including Moet & Chandon and Christian Dior, agreed to buy the US jewellery chain in November. But the deal has not yet been completed.
Daily Mail Business Articles
Struggling airlines tap up Bank of England £2bn in loans
Ryanair and Easyjet have secured loans of £600m each, with British Airways owner IAG and Wizz Air both accessing £300m.
Just 50 Debenhams stores will reopen in on June 15
The struggling department store chain went into the lockdown with 142 stores but not all of them will reopen immediately – and some will not reopen at all.
MARKET REPORT: Aston Martin and Lookers cut jobs
The James Bond car maker’s shares tumbled as it said it was cutting 500 jobs. Meanwhile, Lookers will also close 12 showrooms – on top of 15 already closing under previous plans.
New Look in crunch talks with lender as stores remain shut
The company must renegotiate the terms of the trade credit facility by 30 June amid widespread uncertainty over whether restrictions may dampen demand once lockdown is eased further.
Debenhams announces that 50 of its English stores will reopen on June 15
The reopenings will take place a week after the retailer resumes trading at its three Northern Ireland stores.
Four big firms expected to enter the blue-chip FTSE 100 index
B&Q owner Kingfisher and home repairs giant Homeserve are the other two business that are predicted to enter the share index.
HSBC publicly supports China’s new Hong Kong national security law
The bank, signalled its support for China in a post on social media platform Wechat. It said that Peter Wong, the chief executive of HSBC’s Asia business, had signed a petition in support of the law.
Tui strikes compensation deal with Boeing for grounding of 737 Max
The travel specialist said Boeing would provide it with compensation for a significant portion of the financial impact of the grounding of the plane, which had hit its earnings over the last year.
Restaurateurs attack ‘greedy’ delivery firms for charging high fees
Restaurateurs say delivery firms have seized a bigger share of their income at a time when they have no choice but to work with them, as under lockdown, the only way they can operate is as a takeaway.