“I'm crossing you in style some day”
Last Thursday, Tiffany & Co. American luxury jewellery, founded in 1837 by Charles Lewis Tiffany, agreed to a $15.8 billion dollars deal with the French Louis Vuitton Moët Hennessy LVMH Group.
A deal was closed after several months of tense and stressful negotiations, Tiffany will finally be bought at $131,50 dollars per share, a little bit less from the original price of $135 per share, “saving” about $425 million dollars off the original price tag, which made this purchase, in any case, one of the largest acquisitions in the luxury retail business.
For further informations, other cases and legal news, listen to our podcast this week! Available on Apple Podcasts and Spotify.
Other news on this week's Podcast:
- New Zealanders approved the End of Life Choice Act and Chilean citizens voted to draft an entire new Constitution;
- Turkish President filed a criminal complaint against Dutch far-right leader;
- A Hong Kong Court charged former pro-independence group leader, with crimes under the new 2020 national security law.
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