The boards of the luxury firms have been discussing a potential deal since last month, and will meet on Sunday to approve a final plan.
at $135 a share in cash, or $16.3 billion, according to sources familiar with the matter.
Jewelry was one of the strongest performing areas of the luxury industry in 2018, according to consultancy Bain & Co, which forecast that comparable sales in the $20 billion global market were set to grow 7% this year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
LVMH Nears Deal to Acquire Tiffany for $16.3 BillionLVMH Moët Hennessy Louis Vuitton is nearing a deal to buy famed jeweler Tiffany & Co. for more than $16 billion, according to people familiar with the matter.
Lire la suite »
LVMH Nears Deal to Acquire Tiffany for $16.3 BillionLVMH Moët Hennessy Louis Vuitton is nearing a deal to buy famed jeweler Tiffany & Co. for more than $16 billion, according to people familiar with the matter.
Lire la suite »
PayPal's $4 billion acquisition of Honey is its largest ever - Business InsiderPayPal is acquiring Honey for $4 billion in a move that could improve PayPal's value at checkout and give it utility early in the shopping journey.
Lire la suite »