Friday, 5 Mar 2021

LVMH tells Tiffany employees to return to office in March – WSJ

FILE PHOTO: A Tiffany & Co store is pictured in the Manhattan borough of New York City, New York, U.S., September 10, 2020. REUTERS/Carlo Allegri/File Photo

(Reuters) – A month after acquiring Tiffany & Co, 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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