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According to Reuters sources, there are no guarantees that the deal will be concluded. It is noted that Tiffany & Co wants to continue negotiations on a higher price.
The acquisition of Tiffany & Co could become the largest deal in the history of LVMH, exceeding the purchase price of Christian Dior in 2017 for $ 7 billion. Negotiations on the takeover of Tiffany & Co, according to media reports, began at the end of October this year.
Recall that at the end of 2018, LVMH Holding reported record revenue and profit from core operations. Annual revenue increased by 10% and reached € 46.8 billion, operating profit increased by 21% to € 10 billion. Given these indicators, the company increased the amount of dividends to € 6 per share, in 2017 € 5 was paid per share.
source: reuters.com, ft.com
The acquisition of Tiffany & Co could become the largest deal in the history of LVMH, exceeding the purchase price of Christian Dior in 2017 for $ 7 billion. Negotiations on the takeover of Tiffany & Co, according to media reports, began at the end of October this year.
Recall that at the end of 2018, LVMH Holding reported record revenue and profit from core operations. Annual revenue increased by 10% and reached € 46.8 billion, operating profit increased by 21% to € 10 billion. Given these indicators, the company increased the amount of dividends to € 6 per share, in 2017 € 5 was paid per share.
source: reuters.com, ft.com
