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LVMH offers $ 15.7 billion for Tiffany

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LVMH offers $ 15.7 billion for Tiffany
November 21
13:00 2019

The luxury goods manufacturer LVMH currently controls about seven dozen brands. Louis Vuitton, Fendi, Givenchy, Marc Jacobs, Christian Dior, Guerlain, Givenchy and many other famous brands are among them. The giant’s management has decided to add to its “brand collection” an American company Tiffany. The information that LVMH is interested in the legendary American jewelers became available about a month ago. Representatives of Tiffany have confirmed that they have received a certain offer to purchase, which is being studied by the board of directors.

It became known that LVMH had raised the offer price from the initial $ 120 per share to $ 130. Thus, the Tiffany jewelry shop chain was valued at 15.7 billion US dollars.

At the moment, Tiffany is preparing documents for an audit by a potential buyer. Perhaps the deal is being discussed not only with the French, since no agreement on the exclusivity of negotiations has been reached.

Tiffany quotes began to grow due to this information. On the New York Stock Exchange, securities of the jewelry shop chain have grown 3.6% to a value of $ 127.73 per unit.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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