2019年10月30日 星期三

Luxury goods giant LVMH eyes $14.5bn Tiffany takeover - Handbag Factory China | Leather Handbag | Bag | Handbag - Vanessa Brig

US-based Tiffany says it is "reviewing" a takeover offer worth about $14.5bn (£11.3bn) from the world's biggest luxury goods company, LVMH.
The companies confirmed the offer in separate statements on Monday, with the 182-year-old Tiffany saying there are currently no talks.
LVMH, owned by France's richest man, Bernard Arnault, has brands including Christian Dior, Givenchy, and Bulgari.
Jewellery has been one of the fastest growth spots in the luxury sector.


In a two-sentence statement early on Monday, LVMH said it "confirms that it has held preliminary discussions regarding a possible transaction with Tiffany," adding that there is no certainty of a deal.
A few hours later Tiffany, listed on the New York Stock Exchange, said it "has received an unsolicited, non-binding proposal from LMVH" of $120 per share in cash.
Reports at the weekend said cash-rich LVMH, which also owns Kenzo, Tag Heuer, Dom Pérignon, Moet & Chandon, as well as Louis Vuitton handbags, made a preliminary offer for Tiffany earlier this month. A takeover would be LVMH's biggest deal since buying the Bulgari brand in 2011 for $5.2bn.
Vanessa Brig has been a bag manufacturer of top-quality hand bags for more than 30 years.
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