Tiffany & Co

LVMH and Tiffany & Co are reportedly discussing a "discount" on the planned 16.2 billion euro acquisition. Tiffany wants LVMH to keep its purchase promise, but the French luxury house regrets the expensive deal.

Did French President Macron himself ask for the takeover deal between LVMH and Tiffany to be blown up? While the rumour mill is running, the legal battle is taking shape: in January, the fate of the fiancées will be settled.

The acquisition of Tiffany & Co by French luxury group LVMH is delayed by three months, for reasons that are not disclosed. LVMH will have to wait for 24 November to put Tiffany's diamond ring around its finger.

In "the new normal", luxury items turn out to be significantly more expensive: at Chanel and Louis Vuitton for example, prices for handbags have risen by up to 17 % since the lockdown. Price hikes are taking place almost all over the world, but China might just be spared.

After LVMH had to upgrade its bid for American jeweller Tiffany & Co twice, both parties have reached an agreement. The French luxury group is taking control of the jeweller at a cost of 14.7 billion euros.

French luxury group Louis Vuitton Moët Hennessy has made a takeover bid of 13 billion euros for the American jewellery chain Tiffany & Co, but the bid already appears to have been rejected.