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LVMH: Luxury Sector Reports Smaller Than Expected Drops In Revenue
Wednesday, October 21, 2020 - 1:47pm | 811Read More...Lockdowns and travel bans have smashed the luxury industry which depends on physical stores for the bulk of its sales. But LVMH Moet Hennessy Louis Vuitton SA (OTC: LVMUY) offered a glimpse of hope last week as it reported a smaller than predicted drop in revenues. The French conglomerate saw...
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Monthly Market Recap For September, October Outlook
Friday, October 2, 2020 - 11:11am | 1297Read More...September lived up to its reputation for inflicting pain on stock investors. It had a tech meltdown on its repertoire, dragging all three indexes to their worst monthly declines since March. Even with the Dow Jones rising on Wednesday, the blue-chip benchmark wrapped up September with a drop of 2.3...
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LVMH Wants To Reconsider Buying Tiffany Amid Worsening US Conditions
Wednesday, June 3, 2020 - 3:46am | 303Read More...French luxury group LVMH Moët Hennessy Louis Vuitton SE (OTC: LVMUY) whose interests span from watches and jewelry to wine and spirits is reconsidering its decision to buy Tiffany & Co. (NYSE: TIF) due to the deteriorating situation in the United States market...
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Tiffany Ties The Knot With LVMH For $16.2 Billion
Monday, November 25, 2019 - 11:59am | 931Read More...On Sunday, the board of Tiffany & Co. (NYSE: TIF) approved the deal and bid by LVMH (OTC: LVMHF) at $135 a share in cash, amounting to $16.2 billion. This match made in luxury heaven- hard-luxury that is, was first reported by The Financial Times. The transaction will be wrapped up by the...
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LVMH, Tiffany Reach $16B Agreement
Monday, November 25, 2019 - 4:28am | 235Read More...Fashion conglomerate LVMH (OTC: LVMUY) confirmed an agreement to buy Tiffany & Co. (NYSE: TIF) in a $16.2 billion bid, the companies said in a joint statement on Monday. What Happened European fashion conglomerate LVMH will buy the U.S. jewelry company at $135 per share in...
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Tiffany's Shares Hit Turbo-Mode After LMVH Increases Bid
Friday, November 22, 2019 - 11:50am | 1096Read More...French luxury goods conglomerate LVMH Moet Hennessy (OTC: MC) gained access to the books of Tiffany & Co. (NYSE: TIF) after it raised its offer to $16 billion, according to Reuters. Consequently, Tiffany's shares jumped yet again, this time 3.4% late Wednesday. Last time, the company...
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Louis Vuitton Wants To Buy Tiffany For $14.5B, Could Be Rejected
Monday, October 28, 2019 - 12:02am | 325Read More...France’s LVMH (EPA: MC)(OTC: LVMUY), the parent company of luxury fashion brand Louis Vuitton and Givenchy, offered $14.5 billion in a buyout deal to American jewelry retailer Tiffany & Co., Bloomberg reported on Sunday. What Happened The bid values Tiffany (NYSE: TIF) at about $120 per...
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Bond Yields Provide Morning Pressure, Despite Positive Tiffany Earnings News
Wednesday, August 28, 2019 - 10:16am | 2223Read More...It feels like we’re watching a rerun. Lower bond yields early Wednesday appeared to have the stock market under pressure in an episode that’s run over and over this summer. Focus is firmly on the yield curve, which remains inverted between the two- and 10-year. Meanwhile, the 30-year...
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Tiffany Shares Sprinkle Some Sparkle On These 2 Funds
Tuesday, December 2, 2014 - 5:14pm | 413Read More...Recessions or not, people keep buying stuff. And some of the stuff they buy glitters, sparkles, shines and carries a hefty price tag. Tiffany & Co. (NYSE: TIF) has been steadily growing its sales and earnings in recent quarters. With a market cap just south of $14 billion, Tiffany is...
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Weekly Preview: Economic Data Could Have Downside Risks
Friday, August 23, 2013 - 3:54pm | 1798Read More...This week was tough for emerging markets, but next week could bring trouble for more developed markets as new economic data coming out could take the shine off of the recent global economic recovery. Talk of the US Federal Reserve taper will continue to dominate the markets, while high...
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Keep Your Eyes Peeled for These Product Placements in The Great Gatsby
Friday, May 10, 2013 - 2:23pm | 140Read More...Perhaps the most anticipated box office opening of 2013, The Great Gatsby hit theaters today. Reviled by some critics and loved by others, the film has spawned a bit of a cultural obsession with the Roaring Twenties. Both the Brooks Brothers and Tiffany & Co. (NYSE: TIF) have released...
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Coach Outnumbers the Competition; Michael Kors and Tiffany Take a Backseat
Tuesday, February 7, 2012 - 11:16am | 579Read More...Fashionable consumers love a designer bag, wallet or even a keychain at a somewhat affordable price. Products that are costly enough to show that the shopper spent the dough for the brand name, but not so expensive that it depletes the house payment savings, are key in this recession. This...
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The Real Deal on Wall Street: Coach Investors Could be Doused with Gatorade
Tuesday, January 17, 2012 - 5:38am | 427Read More...Accessible luxury retailer Coach (NYSE: COH) will announce its holiday quarter earnings shortly, so I wanted to set things up beforehand in typical Real Deal style. One key to being a successful investor is averting disasters in the portfolio by properly fitting pieces of a puzzle (macro plus...
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Don't be a Bull in the China Shop with Tiffany & Co.
Tuesday, November 29, 2011 - 9:19am | 261Read More...Tiffany & Co. (NYSE: TIF) on the surface had the quarter that most on the Street expected, generally strong. However, those that actually pay attention to the news and visit stores outside of the NYC flagship were well aware that not all aspects to Tiffany's third quarter were going to be...
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UPDATE: Deutsche Bank Downgrades Tiffany & Co. to Hold
Wednesday, June 1, 2011 - 7:57am | 135Read More...Deutsche Bank is out with its report today on Tiffany & Co. (NYSE: TIF), downgrading TIF from Buy to Hold. In a note to clients, Deutsche Bank writes, "Tiffany's 1Q12 results were 15% higher than our and consensus expectations, prompting a 14% upgrade to our EPS and a 16% rise in our target...
