LVMH mulls Tiffany acquisition

Monday, 28. October 2019 09:40

Luxury goods company LVMH Moet Hennessy Louis Vuitton confirmed on Monday it is discussing the possible acquisition of jeweler Tiffany & Co.

"In light of recent market rumors, LVMH Group confirms it has held preliminary discussions regarding a possible transaction with Tiffany. There can be no assurance that these discussions will result in any agreement," the company said in a statement.

Earlier, it was reported the iconic jeweler received a takeover bid of about $120 a share from LVMH, valuing Tiffany at $14.5 billion.

Related Links: LVMH Moët Hennessy Louis Vuitton SETiffany & Co
Author:
Breaking the News / JC