Bengaluru  — Tiffany, which is being bought by French luxury giant LVMH, beat Wall Street expectations for quarterly profit on Tuesday as the US jeweller benefited from an over 70% rise in sales in China and a recovery in demand at home.

The results bode well for the coming holiday season for the jeweller and other luxury retailers in general, which have been hit hard by the pandemic. They also underscore the growing importance of sales within mainland China to offset dependence on tourism, especially on Chinese tourists visiting fashion hubs such as Milan and Paris...

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