After announcing a record-breaking deal last November, LVMH Moët Hennessy Louis Vuitton announced today that it would be scrapping its $16.2 billion acquisition of U.S. jewelry brand Tiffany & Co.Meanwhile, Tiffany & Co. has filed a lawsuit.for $16.2 billion last November, LVMH Moët Hennessy Louis Vuitton said today that it would be scrapping the acquisitions.
Source: News Formal (newsformal.com)
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Tiffany gets regulatory nod from Japan, Mexico for troubled LVMH dealTiffany & Co has received regulatory approvals from the Japan Fair Trade Commission and the Mexican competition authority for its contentious $16 billion acquisition by luxury goods group LVMH , the U.S. jeweler said on Friday.
Source: Reuters - 🏆 2. / 97 Read more »
Analysis: Life without LVMH? How Tiffany might fare without the luxury giantLVMH, the world's biggest luxury group, has called off its $16-billion engagement to Tiffany. Wall Street however seems to think the U.S. jeweler will fare just fine by itself. Those are gifts. Private. Bunch of junk.
Source: Reuters - 🏆 2. / 97 Read more »
How Hermès got away from LVMH—and thrivedIn 2010 Hermès was to become part of LVMH. Fast forward to now, and the founder's various descendants have beaten the conglomerate at its own game A desire to own a Hermes handbag isn't a desire for a beautiful bag. It's a desire to be able to walk into a room and disdainfully announce: 'I've got more money than you, ha-ha'. It's pathetic. 😳 And these things still matter do they? Thoughful analysis of the Hermes_Paris story. Kudos to Dumas & team for executing a broad-based strategy to maintain control of the company. Good playbook for other fashion houses.
Source: TheEconomist - 🏆 6. / 92 Read more »
Tiffany gets regulatory nod from Japan, Mexico for troubled LVMH dealTiffany & Co has received regulatory approvals from the Japan Fair Trade Commission and the Mexican competition authority for its contentious $16 billion acquisition by luxury goods group LVMH , the U.S. jeweler said on Friday.
Source: Reuters - 🏆 2. / 97 Read more »
Investors in LVMH's Tiffany bonds left second-guessing on redemption payoutThe holders of 9 billion euros (8.36 billion pounds) worth of bonds issued by LVMH to fund its now imperilled acquisition of Tiffany & Co have been left second-guessing as to when they might get their money back. W
Source: Reuters - 🏆 2. / 97 Read more »
Tiffany 'New York' Pollard Makes Out With Kamal 'Chance' GivensTiffany 'New York' Pollard returns to dating competition TV and makes out with Kamal 'Chance' Givens. Weird how long she’s milked getting spit on. White privilege right there Soooooooooooooooooo!
Source: TMZ - 🏆 379. / 59 Read more »