LVMH acquiring Tiffany & Co. in $16 billion deal

Today, Bernard Arnault and his LVMH board have made an offer to Tiffany & Co. that is financially plausible. The financial acquisition could be valued close to $16-$17 billion, as Tiffany & Co. could join the LVMH group. Arnault is CEO of LVMH, which has its global headquarters in Paris. LVMH owns more than 20 different brands, that span high fashion; spirits; watches; expensive handbags; etc. LVMH stands for Louis Vuitton Moet Hennessy. Louis Vuitton is renowned for its handbags and other high-end fashionable clothing. In addition, Moet is part of Moet Chandon champagne and high end spirits. Hennessy is a popular French brandy distiller, that is known for its VSOP cognac. Sephora; Fendi; Belvedere Vodka; Christian Dior; and Bulgari are other well known brands in the LVMH portfolio. In contrast, Tiffany & Co. has its global headquarters in NYC and their stock price has increased by 50% year to date. Tiffany & Co. sells watches; fine china; crystal; fragrances; etc. Recently, LVMH acquired 50% of Fenty Beauty. Fenty Beauty was started in 2017 by Rihanna, the platinum selling musical artist from Barbados. Furthermore, Tiffany & Co. is known for its everyday blue gift boxes. Tiffany & Co. makes the Lombardi Tropy, for the winner of the NFL's Super Bowl championship game. If you are a basketball fan like me, Tiffany makes the Larry O'Brien championship trophy for the NBA finals winner. The company has ventured into the art world by designing sculptures; art collections; and furniture also. Breakfast at Tiffany's was a popular 1961 movie starring Audrey Hepburn, that has a portion of it filmed at an iconic Tiffany & Co. store. If you plan on getting married, you may want to have your bridal registry at a Tiffany and Co. store. As this decade ends, the future should shine bright on this merger of the two acclaimed brands. The last 2 centuries has seen a steady climb of sales, for both companies. Fashion has changed tremendously over the past two centuries, and today's retail world is calling the mall department store [Macy's; JCPenney; Dillard's] as obsolete. More people are buying products online, and Cyber Monday 2019 could be a huge sales day for both companies. In closing, the diamond is one of the best jewels in the world. Tiffany & Co.'s diamond necklace could be joining a new home, in LVMH group. LVMH stock is on the Milan, Italy stock exchange. TIF is the stock symbol for Tiffany & Co., which sits on the NYSE. Will TIF be delisted in 2020, if the merger passes the regulatory agencies in Europe and the USA? Au revoir from R$G, as the NYSE and other world markets will be trading in different directions on the ear of this sound financial news.

Is Brexit still happening?

Last month, Halloween happened but Brexit did not pass. The United Kingdom continues to be a member of the European Union. Is Brexit still happening? Britain will have a snap election on December 12, 2019. United Kingdom Prime Minister Boris Johnson is trying to break through, but the snap election could be a major gamble for Johnson. Delivering Brexit has been unfeasible. Yet, this December could be a different Christmas season as more than 80% of British voters will cast their ballots in person. Since early 2016, Brexit has ruined Britain in numerous ways. The Brexit vote is split between the Conservatives and Nigel Farage's Brexit Party. If Prime Minister Boris Johnson wins a majority and gets his Brexit deal through Parliament, then Brexit is happening. In contrast, the simplest route could be no Brexit deal. If the Labour Party wins, this party's plan is to renegotiate a new Brexit deal. Furthermore, Jeremy Corbyn is the current leader of the Labour Party. Corbyn is a negative force to Donald Trump, and he is not a supporter of the foolish Donald. Corbyn did not want to meet with Donald Trump, in June 2019. Instead, Corbyn attended a protest in London outside a joint press conference of Trump and Theresa May, the outgoing prime minister of the UK. Corbyn endorsed holding a referendum on the Brexit withdrawal agreement, regardless of who negotiates it. Next, Boris Johnson and Corbyn appear to be major rivals. Johnson has compared Corbyn to Joseph Stalin, the former dictator of the USSR from 1929-1953. Johnson has termed Corbyn to be vindictive. Johnson believes that Corbyn would denigrate the rich through an misguided plan. In addition, Johnson believes that Corbyn has a far left agenda. Corbyn does want a tax hike on the rich individuals, in the UK. In this penultimate paragraph, Corbyn is 70 years old and Boris Johnson thinks Jeremy is a fossil. Jeremy's Brexit policy could involve negotiating a new deal with the EU; then campaigning against it in a second referendum. The final action could be catastrophic, according to Boris Johnson. Corbyn has declared himself to be a socialist, and a longtime Euroskeptic. Corbyn's shaky ideas on Brexit has frustrated pro-Europe, moderate Labour leaders and their supporters. In closing, the Conservative Party has failed to deliver on Brexit in the past three years. In a poll in September 2019, the Labour party was competitive with Johnson’s Conservative Party; but losing center-left support to the surging Liberal Democrats. The liberal Democrats is a group that soundly rejects Brexit. Corbyn has declared that a Brexit deal negotiated by a Labour government could be much better, than remaining in the European Union. Corbyn has a wait and see approach on Brexit, has led to no major conflict on Brexit. Lastly, Jeremy Corbyn could replace Boris Johnson as prime minister of the UK if Johnson's party lost the snap election on December 12, 2019. The new on Brexit will continue to unravel, and the world is waiting to see what the next step is. Good night!