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In an update regarding the troubled acquisition of Tiffany (TIF), LVMH confirmed that it has submitted the $16 billion proposed deal to the European Commission for antitrust review. The move comes ...
U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, in a move set to end a legal dispute between the two, sources ...
French luxury goods group LVMH on Thursday named new managers for Tiffany , including two top Louis Vuitton executives, in its first shake-up at the U.S. jeweller as it closed its $15.8 billion ...
The move comes after Tiffany sued LVMH earlier this month, objecting to the Paris-based company's decision not to go through with the deal they signed in November because of a French government ...
French luxury goods giant <LVMH.PA> is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co <TIF.N> after deliberating whether to do so, people familiar with ...
The acquisition was part of LVMH's move to offer a beloved high-end rosé portfolio, in addition to reaching customers worldwide. [37] [38] In November 2019, LVMH expressed plans to acquire Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020. [39]
In late October 2020, Tiffany and LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. [47] LVMH completed the purchase of Tiffany in January 2021.
An agreement at the bottom of that range would save LVMH, led by billionaire businessman Bernard Arnault, about $480 million on the initial $16.2 billion purchase price. Tiffany and LVMH could ...