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Honored Contributor
Caaareful Shopper
Posts: 14,219
Registered: ‎10-09-2012

LVMH Bids $14.5 Billion for Tiffany & Co.

‎10-29-2019 09:39 AM

 

LVMH, the luxury brand that owns Louis Vuitton, Moët and Hennessy (also Dom Perignon Champagne, Bulgari, Givenchy, Christian Dior, among others), reportedly made an all-cash $14.5 billion bid to buy U.S. jeweller, Tiffany & Co.

 

But according to analysts, Tiffany is set to reject the bid because they feel it's undervalued. 

 

LVMH is owned by Europe's richest man, Bernard Arnault.  Arnault is the third-richest person in the world (behind Bezos and Gates).

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Honored Contributor
SahmIam
Posts: 9,139
Registered: ‎04-16-2010

Re: LVMH Bids $14.5 Billion for Tiffany & Co.

‎10-29-2019 01:55 PM

Tiffany & Co. are fools. 

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