Tiffany Buyer LVMH Reports a Vigorous Q3 Rebound Despite COVID

European fashion and luxury goods giant LVMH Moet Hennessy (OTC:LVMHF), which is currently involved in a prolonged and uncertain acquisition of Tiffany & Co. (NYSE:TIF), reported its third-quarter 2020 results earlier today. While still down from Q3 2019, according to the press release, the company’s metrics reveal a strong rebound in sales across most categories.

Organic revenue plunged 38% year over year in the second quarter but was only down 7% in Q3, showing the speed at which sales are returning. A breakdown of business activity by sector indicates LVMH is actually ahead of 2019 in its Fashion & Leather Goods segment, with a 12% revenue rise year over year. Wines & Spirits has almost recovered, with a 3% decline compared to 2019.

A young woman indicating luxury jewelry inside a glass showcase.

Image source: Getty Images.

While Perfume & Cosmetics and Watches & Jewelry are still down 16% and 14%, respectively, from last

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The COVID effect on work fashion in Charlotte

High heels? No thanks. Pants with zippers? So 2019. In the age of quarantine and remote working, comfort is king in the Queen City.

Like nearly everything in life, Charlotte fashion has been turned on its head during the COVID-19 pandemic. With Zoom calls replacing meetings, couches replacing conference rooms and Netflix replacing nights out, business and formal attire are becoming as passe as handshakes. Instead we are seeing the rise of what the Wall Street Journal dubbed the “business mullet” — formal up top, party down below.

“I’d live in my joggers if I could, and the best part is that I can wear a professional blouse up top during my Zoom calls with clients and no one is the wiser,” said Charlotte business coach, strategist, author and podcaster Jenny Melrose. “Plus I’m able to hop up and be comfortable running an errand or playing with the kids. Comfort

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