New York–With our Independence Day revels now ended, it’s time to get back to work (for some of us!). And it’s time to look back over the week and recall some of the events that we may remember–though none of them actually are momentous as the United States’ 237th anniversary.
Still there was important news from across the pond, especially in the continuing battle between LVMH and Hermès. The latest saga is the $10 million fine LVMH received over the very stake it accumulated in Hermès that started the feud.
From Down Under, an Australian consumer commission cited a website supposedly selling authentic Aussie-made boots with really duping consumers by selling Made in China footwear instead.
Speaking of nefarious matters, a former Tiffany executive was charged with allegedly sneaking jewelry out of the store and selling it off for some $1.3 million. But Tiffany also got some good news this week. A survey of ultra affluent consumers named Tiffany as their No. 1 jewelry brand.