Jewellery Quarter News, Views, Gossip, Footage, Video
The acquisition of Tiffany & Co. will greater than double LVMH’s revenue within the watches and jewellery category. US financial publication Bloomberg stories that LVMH has submitted a revised offer of $US15.7 billion, although representatives for LVMH and Tiffany & Co. decline to remark. Media reviews, quoting sources near the negotiation, point out that the Tiffany & Co. board has rejected the $US14.5 billion offer as too low, yet is ‘receptive’ to a higher bid. Analysts speculate a new supply will worth the company at $US130 per share. Moët Hennessy-Louis Vuitton SE submits an unsolicited takeover offer to the Tiffany & Co. board, valuing the US company at $US120 per share.
Six members of a infamous felony gang have been on trial in Germany over the spectacular heist during which 18th-century jewels had been snatched from the state museum in Dresden. “Colored stones are persevering with to realize traction—especially emeralds, …