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How LVMH's whirlwind courtship sealed $16 billion Tiffany deal

WorldNews Monday, 25 November 2019
How LVMH's whirlwind courtship sealed $16 billion Tiffany dealLONDON/PARISTiffany was codenamed “Tea” and LVMH was “Latte” in the whirlwind talks that led to the U.S. jeweler being taken over by the French luxury group for more than $16 billion, in a homage to famed film “Breakfast at Tiffany’s.” The monikers were an attempt to ensure secrecy about a deal that LVMH wanted to seal swiftly before its competitors could intervene, according to two sources involved in the talks. LVMH’s bid approach was discussed by executives at the two companies in mid October, soon before the French firm launched a big factory in Johnson County, Texas, with U.S. President Donald Trump cutting the ribbon at the...
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News video: Jim Cramer: How LVMH Buying Tiffany's Can Give the Jeweler its Sparkle Back

Jim Cramer: How LVMH Buying Tiffany's Can Give the Jeweler its Sparkle Back 01:47

LVMH , the French group behind luxury labels such as Christian Dior, Fendi, and Givenchy, said it would pay $135 a share for Tiffany --a $10 premium to the stock's Friday closing price. "Tiffany has been focused on executing on our key strategic priorities to drive sustainable long-term growth....

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