The jewelry company reiterated that the assertion of Material Adverse Effect due to COVID-19 has “no factual, contractual or authorized support”. It additionally refuted claims that it had mismanaged the disaster, stating that retailer closures were “totally according to its legal obligations” and accomplished to guard the security of staff and clients. However, two days later, all US areas are closed as a end result of widespread protests. As at eight June, just over half of US stores are open or partially open. Of Tiffany & Co.’s 324 worldwide stores, 70 per cent remain closed as at 30 April because …