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Tiffany targeted by LVMH?

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Tiffany targeted by LVMH? The brand of New York which becomes a French province? The group that has become a myth alongside brands such as Bulgari, Chaumet, De Beers Diamond Jewellers, Dior Watches, Fred Joaillier, which are part of the group led by François Arnault? The hypothesis is advanced by loff.it site, which is part of the Spanish group ABC, one of the more established of the Iberian Peninsula. It is, of course, a idea circulating in some financial circles and not a confirmed news. That is liked, however, at the imagination of those who follow the global luxury market. According to the author of the article, Marion Mueller, everything starts from the consideration that the stock exchange shares of Tiffany fell in a month from $ 108 to about 90. The reason is that sales of Tiffany at Christmas have gone not so well, especially in the United States. According to a statement released by the American company, total US sales for November and December 2014 was equal to 544milioni dollars, down 1% compared to 2013.

The article also reports the opinion of Howard Ward, of Gamco Investors: “Although it seems to awaken interest among investment companies, for Tiffany would be much more suitable as a suitor another manufacturer of luxury items.” “LVMH is positioned slightly better for a large acquisition. Bulgarians is began to emerge and are no longer involved with Hermes,” added Luca Solca, head of research for the field of luxury goods Exane BNP Paribas in London. However, it remains a small detail that does not seem to worry loff.it: the cost of such an operation. The capitalization of Tiffany (the total value of all listed shares) is, at present, more than 11 billion dollars. A mouthful is not easy to digest even for a giant like LVMH. Federico Graglia

François Arnault (al centro). Alla sua destra, il presidente francese François Hollande
François Arnault (al centro). Alla sua destra, il presidente francese François Hollande
Negozio Tiffany
Negozio Tiffany
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Tiffany box

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