European luxury conglomerate LVMH Moët Hennessy Louis Vuitton announced Monday that it has reached a $16.2 billion (14.7 billion euro) deal for U.S. jeweler Tiffany & Co. Under terms of the transaction, LVMH MC, +1.93% will pay $135 for each Tiffany TIF, -0.78% share. The companies have reportedly beenRead More →
© Reuters. FILE PHOTO: A Tiffany & Co. logo is seen outside a store in Paris PARIS (Reuters) – LVMH has agreed a $16.2 billion deal to buy U.S. jeweler Tiffany, Louis Vuitton’s parent firm confirmed on Monday, in the luxury good maker’s biggest purchase to date. The deal willRead More →
© Reuters. Investing.com – Luxury goods makeres were higher in midday trade on Monday after LVMH’s surprise bid for Tiffany & Co (NYSE:) sparked speculation of consolidation in the sector. LVMH (PA:) made an unsolicited offer of $120 per share for the luxury jewelry retailer, which Tiffany’s says it isRead More →
By Greg Roumeliotis (Reuters) – Louis Vuitton owner LVMH (PA:) has approached Tiffany & Co (N:) with an acquisition offer, people familiar with the matter said on Saturday, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China. LVMH, which hasRead More →
Most people write off business lunches and work travel on their company expenses, but a new study says they also try invoicing their companies for late-night dips into the mini bar, car washes and — yes — lunches that take place in strip clubs. The study released Monday by AppZen,Read More →
