PARIS—In targeting Tiffany & Co, French billionaire Bernard Arnault is attempting his most challenging acquisition in more than three decades of deal making.
Mr. Arnault, the chief executive and controlling shareholder of LVMH Moët Hennessy Louis Vuitton, has favored a series of smaller, lower risk acquisitions to build his empire of luxury brands. Some of those brands have flourished within LVMH, while others haven’t.
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Tiffany & Co. stock soars 33% after confirmation of unsolicited acquisition bid from LVMHTiffany said the 'parties are not in discussions' but, as is 'its fiduciary responsibility,' it is reviewing the proposal. Investors seem to be liking the idea anyway... La influencia del grupo Louis Vuitton Moet Hennessy 😍
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