Tiffany’s Disastrous Earnings Explains Company’s Eagerness To Sell To LVMH

Net Sales in North America dropped 4% in 3Q, mostly due to a deteriorating consumer. Sales in the Asia-Pacific region were flat, crushed by a 49% drop in Hong Kong amid deepening socio-economic chaos…….It’s clear that Tiffany’s board knows the next recession is imminent, they’re attempting to unload the company at the peak.