LVMH Purchases Tiffany & Co. for $16.2 Billion. Both companies confirmed talks of a deal in October. The French luxury group will pay $135 per share for the famous Manhattan jeweler. Despite its global brand, the 182-year-old jeweler has been experiencing poor sales. LVMH previously acquired...
Shares of high-end retailer Tiffany fell for a second day after a report in fashion publication WWD suggested French luxury goods group LVMH was less certain about its $16.2 billion deal. Conway G. Gittens has more.
The S&P 500 and Dow fell Tuesday after recent strong gains, while the Nasdaq ended at an all-time high for a second straight day after briefly rising above the 10,000 mark for the first time. Fred Katayama reports.
LVMH, the European luxury conglomerate, says it has agreed to purchase Tiffany & Co. for $16.2 billion, while Charles Schwab confirmed that it would buy its smaller rival TD Ameritrade for $26 billion..
French luxury group LVMH has agreed to buy iconic New York jeweler Tiffany & Co. for $16.2 billion, adding a famed star to its portfolio that already boasts... CBS 2 Also reported by •CBS News •SeattlePI.com •Newsmax •Newsday •Seattle Times
Tiffany & Co. (NYSE:TIF) rose at the opening bell on Monday after it announced an agreement with French luxury group LVMH for a US$16.2bn takeover. The French... Proactive Investors Also reported by •USATODAY.com •SeattlePI.com
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Blaise HATT-ARNOLD French luxury group LVMH has appointed Frédéric Arnault as CEO of Swiss watch maker TAG HEUER 3 days ago
Drapers French luxury group LVMH has said it is not considering purchasing shares in US luxury jeweller Tiffany & Co, which… https://t.co/jBFpvPLVvI 3 days ago
eggry RT @Reuters: French luxury goods group LVMH’s $16.2 billion takeover of Tiffany is looking less certain, according to a report https://t.co… 4 days ago