Crisis from Covid 19, LVMH could buy Tiffany for a lower price

Crisis from Covid 19, LVMH could buy Tiffany for a lower price

French luxury specialist LVMH, who announced last year its intention to acquire Tiffany & Co for $ 16.2 billion (€ 15.09 billion), would be considering to buy shares of the American jeweler at a lower cost directly on stock exchange markets, taking advantage of the drop in present value caused by the coronavirus epidemic. The information comes from Bloomberg News, which cites sources close to the story. The operation should be finalized in mid 2020.

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