Platinum’s rare nature gives it additional value and appeal

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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

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16 august 2021

LVMH and Tiffany discuss reducing price of deal

29 october 2020
Image credit: Tiffany & Co.

LVMH and Tiffany Co. are in discussions to reduce the price of the French luxury giant’s contested deal to buy the U.S. jeweler, according to a report in
Tiffany is seeking around $132 a share as a compromise price. It would also likely want a guarantee that LVMH wouldn’t back out of any revised deal after the Louis Vuitton owner said in September it couldn’t complete the acquisition because of a French government request.
“I think it is likely that LVMH and Tiffany will find a common ground and will agree a lower price for the takeover,” said Luca Solca, an analyst with Sanford C. Bernstein.
As per the report, the behind-the-scenes negotiations may not lead to an agreement. The original price for the deal was $135 per share or about $16 bn in total. By taking control of Tiffany, LVMH would gain better access to the worldwide luxury jewelry market.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished