Puiforcat decline undermines Hermès growth
The excellent results achieved by the French company, one of the few luxury groups to maintain double-digit growth, obscure the financial woes of its struggling silversmith Puiforcat.
The company managing the French capital's main flea market, which is a hub for the sale of counterfeit luxury goods, has been convicted alongside a seller in what is a legal first.
Bought by LVMH in 2021, Tiffany & Co only has two mini-boutiques in the French capital. To fix this, and while waiting for the completion of its mega-flagship on the Champs-Elysées, the jeweller has worked on a return to its old Parisian address.
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