image credit: Unsplash

LVMH Is Likely To Be Forced To Go Through With The Tiffany Acquisition And Live To Regret It

September 11, 2020

Via: Forbes

When news broke this week that LVMH was backing out of its deal to acquire Tiffany & Co. TIF +0.1%, it came as no surprise.

Speculation has swirled for months that LVMH had buyer’s remorse after agreeing last November to pay $16.2 billion or $135 per share for Tiffany. It would have been the largest acquisition that LVMH ever made, a luxury conglomerate built through acquisitions.

Even as late as February 4, 2020 when LVMH’s shareholders agreed to the deal, chairman and CEO Bernard Arnault was effusive about Tiffany’s possibilities:

Read More on Forbes