LVMH considering buying Tiffany's shares on open market: Bloomberg News

Global stock markets have slumped since the coronavirus outbreak has halted most business activities, led to the fallout of many industries and spooked investors about a possible recession.

According to the Bloomberg report, LVMH has discussed the plan with Tiffany’s board, which could give the potential transaction a green signal after reporting quarterly results.LVMH is yet to make a decision on the transaction and is discussing potential legal hurdles to the idea, the report said. Last month, LVMH was set to raise 9.3 billion euros from bond markets to help to finance the deal, which is expected to be completed in the middle of 2020. The latest move affirms the French company’s interest in Tiffany.Tiffany has temporarily closed several stores, including its Fifth Avenue flagship store in New York, and reduced working hours at other outlets to stop the spread of the coronavirus.

😂😂😂

I stopped shopping at Sephora and supporting any of these LVMH companies.

Bfd

Now that's n ordnairy mosq .if his honist what he want with Tiffany .

This is old news lmao..

Coronavirus’z effects

Lot of bargains out there now.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

L'Oréal, LVMH and Zara Among Growing List of Companies Manufacturing Products to Help Prevent and Cope With the Spread of Covid-19Fashion and beauty brands are using their factories to produce everything from hospital gowns to hand sanitizers: Inditex is not producing or manufacturing any sanitary stuff. Its suppliers and manufacturers in China are. Which makes a big difference. Zara’s owner is still studying the possibilities of making sanitary robes in its own Spanish facilities. We’ll see.
Source: Fashionista_com - 🏆 474. / 51 Read more »

Imax, Cinemark Shares Surge As Market Opens Down 2%Updated with higher stock prices: Exhibition stocks rallied Thursday in a volatile market with Imax, Cinemark and National Cinemedia surging and AMC Entertainment swinging to gains. The market fell… Many businesses have deferred demand where people will buy as soon as outlets reopen. That isn't the case for restaurants, hotels and movie theaters.
Source: DEADLINE - 🏆 109. / 63 Read more »

Federal Reserve to shore up prime money market funds amid Wall Street routThe new Money Market Mutual Liquidity Fund will provide loans to financial institutions to buy assets from prime money market funds. Stunning. US futures down another 5%. Exhausting. You can’t ‘policy’ your way out of a pandemic. TrumpPandemic YES! Thank you federalreserve Lessons learned from 2008 finally having to be used.
Source: CNBC - 🏆 12. / 72 Read more »