Luxury > Luxury

LVMH quashes Tiffany share rumours

1 month ago   |   By Drapers

French luxury group LVMH has said it is not considering purchasing shares in US luxury jeweller Tiffany & Co, which would enable it to reduce its outlay on buying the business.
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LVMH confirms exit of Tiffany & Co acquisition

LVMH confirms exit of Tiffany & Co acquisition

1 month ago   |   By Fashion United

French luxury conglomerate LVMH has confirmed that it is now longer looking to acquire US jewellery brand Tiffany & Co.
The company said its board of directors met on Tuesday to discuss the development of the Covid-19 “and its potential impact on the results and perspectives of Tiffany & Co with respect to the agreement that links the two groups.”
The board ultimately decided against the acquisition. “Considering the recent market rumors, LVMH confirms, on this occasion, that it is not considering buying Tiffany shares on the market,” the group said in a statement.
Photo credit: Tiffany &...
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LVMH CEO Bernard Arnault is considering renegotiating Tiffany acquisition deal

LVMH CEO Bernard Arnault is considering renegotiating Tiffany acquisition deal

1 month ago   |   By Luxuo

CEO Bernard Arnault is the world's foremost trendsetter, overseeing a luxury empire of 70 brands including Louis Vuitton and Bvlgari. In November 2019, LVMH made the biggest luxury brand acquisition deal since their purchase of the Italian jewellery brand. buying American jeweller Tiffany & Co for $16.2 billion. But 2020 is not off to a good start, by March, major economies were closing due to a coronavirus pandemic and Arnault has lost more money than his billionaire peers as a result. That said, the CEO of the luxury goods giant isn't content to cower and hide, Arnault is making...
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