Marriage of Tiffany to LVMH Finally Consummated
A once-contentious acquisition ultimately ends quietly.
The Company is a jeweler and specialty retailer. It sells timepieces, sterling silverware, china, crystal, stationery, fragrances and accessories. It is also engaged in product design, manufacturing and retailing activities.
A once-contentious acquisition ultimately ends quietly.
The deal went through a drawn-out battle after LVMH appeared to want to back out.
Net earnings jumped 50% year over year, and there's more positive news, too.
Good news came from two fronts for investors last month.
The luxury-goods acquisition saga has suddenly been pushed close to the finish line.
A CNBC report suggests the companies are in "indirect talks" and may get over their spat.
The Tiffany acquisition might still go ahead despite lawsuits and countersuits, too.
Dollar store shoppers need tax breaks most -- but the biggest windfalls will go to the wealthy.
But he recommends both sides work out a settlement prior to the January hearing date.
The luxury goods company is looking for a trial well past the Nov. 24 deadline.