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.
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