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FILE - In this Jan. 28, 2020 file photo, CEO of LVMH Bernard Arnault presents the group's 2019 results during a press conference, in Paris. Arnault and Tod’s founder Diego Dalle Valle are further cementing their 20-year friendship with a deal for the French group to increase its stake in the Italian luxury goods maker. Shares in the Italian luxury fashion group Tod’s jumped by more than 10%, to 39.02 euros, Friday on news of the 75-million-euro deal. (AP Photo/Thibault Camus, File)

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FILE - In this Nov. 25, 2019 file photo, people walk past a Tiffany jeweler shop on the Champs Elysees avenue in Paris. LVMH and Tiffany have worked through their differences, with the famous jewelry company agreeing to be purchased by the luxury goods company for slightly less than what they initially agreed on. (AP Photo/Michel Euler, File)

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FILE - In this Jan. 28, 2020 file photo, CEO of LVMH Bernard Arnault presents the group's 2019 results during a press conference, in Paris. The luxury goods giant is ending its takeover deal of luxury jewelry retailer Tiffany &amp; Co., citing in part the threat of proposed U.S. tariffs on French goods. (AP Photo/Thibault Camus, File)

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FILE -- In this Jan. 17, 2020 file photo, designer Kim Jones accepts applause after the Dior Homme Mens Fall/Winter 2020-2021 fashion collection presented in Paris. Rome fashion house Fendi announced Wednesday, Sept. 9, 2020 that Kim Jones is taking over from the late Karl Lagerfeld as creative director of haute couture, ready-to-wear and fur collections. Jones will take on the Fendi duties while staying on as artistic director of Dior Homme. (AP Photo/Francois Mori)

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FILE - In this May 22, 2017 file photo, a gift box from Tiffany &amp; Co. is arranged for a photo in Surfside, Fla. French luxury giant LVMH Moet Hennessy Louis Vuitton said Monday Nov. 25, 2019, it has reached a deal to buy U.S.-based jewelry legend Tiffany &amp; Co for $16.2 billion. (AP Photo/Wilfredo Lee, File)

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French luxury giant LVMH buying U.S.-based Tiffany & Co for $16.2 billion

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Models wear creations as part of the Stella McCartney Ready To Wear Spring-Summer 2020 collection, unveiled during the fashion week, in Paris, Monday, Sept. 30, 2019. (Photo by Vianney Le Caer/Invision/AP)

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Sephora employees gather in one of the company's closed stores, in New York, Wednesday, June 5, 2019. Sephora is closing its U.S. stores for an hour Wednesday to host inclusion workshops for its employees, just over a month after R&amp;B star SZA said she had security called on her while shopping at a store in California. (AP Photo/Richard Drew)

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Smoke and flames fill the sky as a fire burns at the Notre Dame Cathedral during the visit by French President Emmanuel Macron in Paris, Monday, April 15, 2019. A catastrophic fire engulfed the upper reaches of Paris' soaring Notre Dame Cathedral as it was undergoing renovations Monday, threatening one of the greatest architectural treasures of the Western world as tourists and Parisians looked on aghast from the streets below.(Philippe Wojazer/Pool via AP)

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