Tiffany & Co has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
Tiffany investors are hoping for a higher offer than LVMH's proposal worth $120 a share. But the deal will require a lot of polish if it is to make sense for the French company’s shareholders, analysts say.
Walk like an Egyptian, as the song goes. And, dress like one too this season at Chanel, which unveiled its latest Métiers d’Art collection inside the Temple of Dendur, inside the Metropolitan Museum of Art in New York.
Add glove designer to Audrey Marnay’s list of professions; that already includes model, actress and singer. She has created a capsule collection for Causse Gantier, whose mittens are worn by Karl Lagerfeld.
Rarely has any fashion week felt like its success was riding on one brand. Yet that’s very much the mood entering the next edition of London Fashion Week, when all eyes will be on Riccardo Tisci's debut at Burberry.