Jeweller - July, Edition I 2020

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LUXURY pearl AND opal JEWELLERY LUXURY pearl AND opal JEWELLERY LUXURY pearl AND opal JEWELLERY NSW government approves Jewellery Fair to proceed in Sydney CONTINUED FROM PAGE 13 “It’s about opening the door – and by-the-by, they may have a few days’ holiday on the Gold Coast too!” he added. For both the Queensland and Sydney shows, Fitz-Roy confirmed that detailed safety plans were being developed.“It’s about common sense and how you approach it, and those plans are in the works now. The idea is that none of these safety measures will have a large personal impact on our visitors – we want to be as normal as we can be,” he explained. One of the initiatives being introduced was pre-registration and selfprinting of identification badges. While Expertise Events will still issue badge holders and lanyards to visitors, they will not be recycled this year. “Where in the past we’ve recycled identity badges or printed them, we’ll now encourage everyone to do that from their own office or home. And that means it’s less of a contact situation. Simple measures are the way to go because they are the safest and the easiest for us to implement,” Fitz-Roy explained. Expertise Events is set to announce final confirmation of the IJWF at the end of this month; it has announced a special booking offer of a $100 deposit, which will be fully refunded if it is forced to cancel the show. The Expertise Mate discount package is also available to exhibitors. LVMH reiterates commitment to Tiffany & Co. takeover CONTINUED FROM PAGE 18 Upon the release of its financial results, Tiffany shares fell more than 10 per cent. They were trading at $US121.94 at the time of publication. e are in a situation we never thought we ould be in. COVID-19 has turned our lives ide down but there’s always a silver lining We We are are in in a a situation we never thought we we would would be be in. in. COVID-19 has turned our our lives lives upside We upside are down in down a situation but but there’s we always never a thought silver a silver lining we lining to would to this this be crisis. crisis. in. COVID-19 The industry The industry has and and turned our community our our community lives another. coming together We are to connected encourage and in support isolation. one coming pside down together but there’s to encourage always a and silver support lining another. We are connected in isolation. one o this another. crisis. The We industry are connected and our in community isolation. oming We will together see each to other encourage after this and all support has passed. one another. We are connected in isolation. e will see each other after this all has passed. his crisis. The industry and our community ing together to encourage and support one will see each other after this all has passed. Stay Stay strong and safe! e will see each other after this all has passed. Stay strong and safe! www.ikecho.com.au | enquiries@ikecho.com.au Tel: (02) 9266 0636 | Fax: (02) 9266 0969 www.ikecho.com.au | enquiries@ikecho.com.au Stay strong and safe! Tel: www.ikecho.com.au (02) 9266 0636 | | enquiries@ikecho.com.au Fax: (02) 9266 0969 Tel: (02) 9266 0636 | Fax: (02) 9266 0969 www.ikecho.com.au | enquiries@ikecho.com.au LVMH has indicated it will not buy Tiffany & Co. shares on the open market and will maintain its offer of $US135 per share, which was accepted by Tiffany & Co. shareholders in February this year. In the report, Bogliolo stated that the LVMH deal – which was initially expected to close in July 2020 – will proceed, saying, “I am confident that Tiffany’s best days remain ahead of us and I am excited we will be taking that journey with LVMH by our side.” He also addressed delays in international regulatory clearance, confirming that authorities in both Russia and Mexico had approved the acquisition of Tiffany’s subsidiaries in those territories. South Korea’s Korea Fair Trade Commission cleared the takeover to proceed on 12 June. As previously reported, Australia’s Foreign Investment ReviewBoard (FIRB) was initially expected to approve the takeover in April, however due to changes in the regulatory framework, its review deadline was extended. On 6 July, Tiffany & Co. informed the US Securities & Exchange Commission that FIRB had cleared the acquisition to proceed; however, the company’s filing noted that “additional regulatory clearances” and “other customary closing conditions” were yet to be finalised.
Peter W Beck has been passionately committed to the jewellery industry for 45 years. Please be assured that we are still here and we will continue to provide you with the world class products and services that you rely on. We stand beside you through this tough time and beyond. OUR TEAM IS HERE TO SUPPORT YOU: Toll Free 1800 888 585 | Email customerservice@pwbeck.com.au 14 Duncan Court, Ottoway Park, SA, 5013 Australia Toll Free 1800 888 585 | Email customerservice@pwbeck.com.au | Web www.pwbeck.com.au
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