Mon, Jul. 25, 3:33 AM
- For only the second time in its almost 30-year history, LVMH Moet Hennessy Louis Vuitton (OTCPK:LVMUY), the largest luxury conglomerate in the world, is selling a fashion brand.
- The French company has agreed to sell Donna Karan International to G-III Apparel Group (NASDAQ:GIII) in a deal worth $650M.
- The sale is expected to close in late 2016 or early 2017.
Jan. 16, 2015, 10:20 AM
- The sharp drop in Tiffany (TIF +1.3%) over the last week could bring M&A back into the equation.
- A European luxury conglomerate is seen as the most likely acquirer by some analysts.
- If LVMH Moet Hennessey (OTCPK:LVMHF) tried to put together a bid for Tiffany, it would have to scrap up about $15B ($111/share).
- The captivating buyout talk has helped push TIF up 1.1% today.
- Previously: The watch is on Swiss watch makers (Jan. 15 2015)
- Previously: Tiffany slides as currency swings play a factor (Jan. 12 2015)
- Previously: Tiffany reports negative holiday comp, lowers guidance (Jan. 12 2015)
Nov. 3, 2014, 6:59 AM| Nov. 3, 2014, 6:59 AM
Sep. 20, 2013, 10:12 AM
Jul. 9, 2013, 2:57 AM
LVMH Moet Hennessy Louis Vuitton (LVMHF.PK) has agreed to acquire 80% of Italian cashmere clothier Loro Piana for €2B ($2.57B). The deal will provide LVMH deep knowledge in textiles from sourcing to manufacturing, and help the company expand into the faster-growing very high end of the market - Loro Piana sells cashmere sweaters for $1,385. That could help offset the slowdown at Louis Vuitton, LVMH's biggest brand. (PR)| Jul. 9, 2013, 2:57 AM
Sep. 23, 2011, 8:58 AM
Tiffany (TIF) may be a takeover target after ending its alliance with Swatch, and could hand investors an extra $3.4B in a deal, Bloomberg reports. Fifth Third believes Tiffany could command as much as a 40% premium in an acquisition. Merriman and Caris say Tiffany may lure interest from luxury retailer LVMH (MAGOF.PK). TIF -2.2% premarket.| Sep. 23, 2011, 8:58 AM | 1 Comment