×
201
Fashion Jobs
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Kulithalai
DMART
Dmart - Circle Manager - Human Resources
Permanent · Nagpur
DMART
Dmart : Senior Officer / Asst. Manager - HR
Permanent · Bhopal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Davanagere
ASSORT STAFFING SERVICES
Area Sales Manager | Chennai | Only 7+ Yrs in Apparels Apply
Permanent · Chennai
H&M
Head of HR - Tech Location India
Permanent · BENGALURU
H&M
HR Business Partner
Permanent · NEW DELHI
SK APPARELS
Factory Manager - (Vamatex & Smit Terry Looms Factory)
Permanent · Karur
ADIDAS
Senior Specialist - Finance Operations fp&a
Permanent · CHENNAI
ADIDAS
Manager - Gbs Global Strategy Activation
Permanent · CHENNAI
ADIDAS
Senior Manager HR Data
Permanent · CHENNAI
ADIDAS
Profit Protection Specialist
Permanent · GURUGRAM
ADIDAS
Senior Manager - Company Secretary -Aimpl
Permanent · GURUGRAM
L'OREAL GROUP
Product Manager- Kiehl's, Luxury
Permanent · Mumbai
L'OREAL GROUP
Senior Key Account Manager - Ecommerce, Ppd
Permanent · Mumbai
METROPOLIS HEALTHCARE
Territory Sales Manager
Permanent · Guwahati
2COMS
Area Sales Manager Institutional Sales
Permanent · Chennai
POLYCAB
Area Sales Manager - Lhdc - Ludhiana
Permanent · Ludhiana
KOTAK MAHINDRA BANK
Urgently Hiring For Area Sales Manager- Agri
Permanent · Coimbatore
SUPERDRY
Ethical And Sustainability Manager
Permanent ·
ION EXCHANGE
Area Sales Manager or Assistant Area Sales Manager
Permanent · Vapi
L'OREAL GROUP
Officer / Executive - Sales Planning, l’Oreal Dermatological Beauty Division
Permanent · Mumbai
Published
Mar 23, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

LVMH denies planning to buy Tiffany shares on the open market

Published
Mar 23, 2020

LVMH has denied planning to buy Tiffany shares on the open market, contradicting market rumors stating that they were about to do exactly that.
 
“Rumors circulated recently indicating that LVMH would consider buying Tiffany shares on the open market,” LVMH noted in a terse press release issued on Monday morning.


Instagram: @tiffanyandco


 
“These rumors lead LVMH to recall that, in accordance with the agreement concluded with Tiffany in November 2019, LVMH is currently committed not to buy Tiffany shares,” the giant French luxury conglomerate insisted in the release.

As widely noted, LVMH agreed in November to buy Tiffany & Co. for $16.2 billion after protracted negotiations, pricing it at $135 a share.

On Friday, Bloomberg News, citing “people familiar with the matter” reported that LVMH was considering buying shares in the tony US jeweler on the open market.
 
Since that deal was struck, stock markets worldwide have nosedived due to investor fears over the impact of coronavirus. And Tiffany’s stock price has also gone south, closing at $125.44 on Friday.
 
Also on Friday, Tiffany reported that quarterly sales for the period ending Jan. 31 – before the rapid international spread of the coronavirus – had risen ahead of analysts’ expectations. 
 
Like numerous luxury brands, Tiffany has closed multiple stores, most notably its iconic Fifth Avenue flagship.
 

Copyright © 2023 FashionNetwork.com All rights reserved.