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Luxury Brands Will Go Shopping Again - La Nouvelle Tribune

La Nouvelle Tribune Next year, powerful labels will face their old dilemma of what to do with excess cash     This year, luxury companies were more likely to try to back out of deals than to sign new ones. That could soon change as cash piles up on the larger players’ balance sheets, while independent brands come under pressure to invest. Deal-making in the sector has been understandably muted during the pandemic. This month brought an exception: Italian apparel brand Moncler announced a tie-up with Stone Island in a transaction that valued its smaller streetwear competitor at €1.2 billion, or $1.4 billion at current exchange rates. Otherwise, the tone of 2020 was set by LVMH Moët Hennessy Louis Vuitton’s legal push to get out of its pre-pandemic $16 billion bid for U.S. jeweler Tiffany & Co., which was eventually settled out of court with a minor price discount.

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