PARIS - France’s LVMH will pay slightly less to acquire U.S. jeweler Tiffany & Co after the two companies agreed to end a bitter dispute triggered by the COVID-19 pandemic and salvage the luxury sector’s biggest-ever deal.
That represents an overall discount of $425 million for LVMH, which is led by billionaire businessman Bernard Arnault, a consummate dealmaker who is betting the French giant can restore Tiffany’s lustre by investing in stores and new collections. The initial deal ran into trouble last month when Louis Vuitton owner LVMH said it could no longer complete the transaction by a Nov. 24 deadline.
However, a source close to the matter told Reuters on Wednesday that Tiffany had recently approached LVMH with a more conciliatory tone.
good
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tiffany and LVMH could patch things up with cut-price dealU.S. jeweler Tiffany & Co and French luxury goods giant LVMH are in talks to settle their dispute over a $16 billion takeover at a price slightly lower than that initially agreed, sources familiar with the matter said on Tuesday. All the muslim countryies must withdrow their embasys from france and All the muslim countryies must close their borders to french people and producks.
Source: Reuters - 🏆 2. / 97 Read more »
Price Cut Could Settle Tiffany vs. LVMHThe jeweler’s stock rebounded on reports that it would consider less than the $135-a-share price set last year.
Source: wwd - 🏆 24. / 68 Read more »
Tiffany Agrees to New Deal Terms With LVMHTiffany agreed to accept a lower price in its takeover by LVMH, ending a dispute between the luxury-goods companies that erupted after the coronavirus pandemic upended the industry. 95% only bad news( This is how the rich are getting richer.
Source: WSJ - 🏆 98. / 63 Read more »
Tiffany and LVMH Conclude New DealThe parties agreed on new purchase price of $131.50 in cash per share and to settle their pending litigation. erikmaza TiffanyAndCo LVMH 💍 Put a ring on it!
Source: wwd - 🏆 24. / 68 Read more »
WSJ News Exclusive | Tiffany, LVMH Near Agreement on New Deal TermsThe luxury-goods companies have come to a preliminary agreement on new deal terms that would call for LVMH to pay $131.50 for the iconic U.S. jewelry maker, down from a prior agreement of $135 a share. Interesting You spelled LVMH wrong lol No fair. tiffany never puts anything on sale.
Source: WSJ - 🏆 98. / 63 Read more »
Tiffany Stock Gains On Fresh Hopes For LVMH DealThe jeweler’s stock has rebounded on reports that it would consider something more than $130 a share.
Source: wwd - 🏆 24. / 68 Read more »