Find in the news:
BY COUNTRY

LVMH will Buy Back Tiffany Shares Amid Falling Qorld Indices



The approval of the transaction may take place after the publication of the quarterly report on March 23, 2020.
Tiffany & Co

French luxury goods manufacturer LVMH is considering buying shares in Tiffany jewelry house in a declining open market. Vedomosti reports that discussions with the board of directors are currently underway on a possible deal. Approval of the agreement may take place after the publication of the quarterly report on March 23, 2020. 

The agreement to purchase Tiffany for $16.2 billion was reached in November 2019. At present, against the backdrop of the unfavorable economic situations in the world, securities of the jewelry brand may cost much cheaper. According to Bloomberg, LVMH can expect a discount of 13% of the purchase price. 

Earlier it was reported that the French holding would attract EUR 9.3 billion in bonds to finance one of the largest deals in its history. The sale was to be completed in mid-2020. Like most luxury brands, Tiffany faced problems in the retail market by closing its flagship store in New York and other sales outlets. To date, the company's value is estimated at $15 billion. 

The history of Tiffany is over 180 years. The brand specializes in the manufacture of jewelry, watches, and accessories, operating a network of 300 stores. Tiffany's sales are estimated at 4.4 billion euros a year, which is comparable to sales of all jewelry brands in the LVMH portfolio. The company's net profit in 2018 was $586 million. 


DAY BEFORE YESTERDAY, China:
Louis Vuitton continues to look for new growth opportunities in Asian markets.
Nov 24, 2022, Australia:
French luxury retailer is opening its first airport store in Southern Hemisphere.
Nov 24, 2022, USA:
We want to make people look good and feel good, we want you to feel sexy and have fun doing it.
Nov 23, 2022, Singapore:
The flagship store of the new format appeared in Singapore.
Nov 22, 2022, Japan:
The store is located on Omotesando Avenue, one of the most prestigious locations of the Japanese capital.
Nov 21, 2022, United Kingdom:
The closures are part of the group's global cost-cutting strategy.
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us