Connect with us

Headlines

Tiffany Reportedly Wants LVMH to Raise Its Acquisition Offer

Tiffany’s sees the original $14.5B offer as too low.

mm

Published

on

Tiffany & Co. wants French luxury conglomerate LVMH Moët Hennessy – Louis Vuitton to increase its acquisition offer, Reuters reports.

LVMH recently made an offer of $120 per share, or about $14.5 billion, in a bid to grow its U.S. presence.

Citing unnamed sources, Reuters reports that Tiffany is willing to “open its books and provide confidential due diligence” if the offer goes higher.

Sources have said the Tiffany’s board is looking for a price of $140 per share, according to Reuters.

Advertisement

LVMH is said to be considering making a new offer. The company is known for brands including Louis Vuitton, Chaumet and TAG Heuer.

New York-based Tiffany run about 300 retail stores worldwide.

Read more at Reuters

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Maximize Every Sale with Wilkerson

When it’s time to run a sale, whether it’s a retirement, going-out-of-business, anniversary or “we’ve got too much merchandise” sale, let Wilkerson handle the details. The Diamond Galleria did just that when they selected Wilkerson to run its liquidation sale. According to Sharon, their CPA, it was the right choice. “We could have done a going-out-of-business sale ourselves and done 30 to 40 percent of what we actually sold with Wilkerson involved,” she says. Seeing the strategies that Wilkerson puts in place for every sale was something that convinced her they had made the right move. “I would highly recommend Wilkerson to anyone considering this type of sale.”

Promoted Headlines

Most Popular