01 Dec 2022
DiamondWorld Directory
-
Home |
News
Home
LVMH-Tiffany Deal looks Uncertain
The LVMH board met on June 2 to discuss its takeover of Tiffany & Co. It’s said that the $16.2 billion deal was less certain than before Covid-19
By: Diamond World News Service
|
Jun 5 2020 10:23PM
|
Reference: 24968  

DecreaseIncrease

The panel of directors “focused its attention on the development of the pandemic and its potential impact on the results and perspectives of Tiffany & Co. with respect to the agreement that links the two groups,” LVMH said in a brief statement on June 5. 

LVMH had agreed in November last year to buy the New York-based jeweller for $135 per share. Directors of LVMH also expressed concerns about Tiffany’s ability to cover all its debts by the time the transaction closed, which was due to happen in mid-2020.

Meanwhile, Bernard Arnault, LVMH’s CEO and chairman, is exploring ways of pressuring Tiffany to lower the selling price, Reuters reported on June 4. As per recent reports the takeover is uncertain as of now.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31978
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9476
GJEPC Chairman Interview
Views: 28096
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39313
Promo for IJ Awards 2012 at NDTV Profit
Views: 57030
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68521
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21852
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50890
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53061
Advertisement
DW News App
Member of:
Supporter of: