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Is LVMH’s takeover of Tiffany compromised ?

Is LVMH’s takeover of Tiffany compromised ?

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In a context of deterioration of the U.S. market linked to the coronavirus pandemic, and while Tiffany’s shares closed down nearly 9% on the New York Stock Exchange, the French luxury giant LVMH could well call into question its plan to buy the jewellery chain. Is the promise of the biggest deal in the history of the luxury industry falling through ?

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The acquisition of Tiffany & Co. – leader in luxury in the United States – by LVMH – leader in luxury in France: an exceptional, record-breaking operation, the largest in luxury history, initiated last November and then approved by the shareholders of the famous jeweller last February.

 

For a total of 14.7 billion euros (16.2 billion dollars), the French group LVMH was about to take over the emblematic American jeweler, further expanding its portfolio of prestigious brands.

 

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Featured photo : © LVMH

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