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25 november 2019

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18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

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11 november 2019

LVMH raises its bid for Tiffany - report

25 november 2019

French LVMH, a leading global group of luxury manufacturers, has increased its bid for the purchase of Tiffany & Co. up to $135 per share, says Bloomberg citing people familiar with the matter.

Image credit: Tiffany & Co.

Companies are currently negotiating, however, Tiffany reportedly put forward a counter proposal and asked $140 per share.
If LVMH agrees, the total transaction could amount to $17 billion.
Initially, the French group offered $ 120 per share, but then it increased its bid to $130.
LVMH already owns brands such as Christian Dior, Fendi, Givenchy and Tag Heuer.
The acquisition of Tiffany & Co would create a much bigger opportunity for LVMH in the United States and help expand its jewelry offerings.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg