Quoting sources near the negotiation, US enterprise publication CNBC reports that the two events are in “fluid” talks to revise the phrases of the merger, lowering the general value of the deal from $US135 per share to $130–133 per share. The acquisition of Tiffany & Co. will greater than double LVMH’s income in the watches and jewellery class. US monetary publication Bloomberg reviews that LVMH has submitted a revised offer of $US15.7 billion, though representatives for LVMH and Tiffany & Co. decline to comment.
Incumbents must breathe new life into each their merchandise and brand narratives if they’re to stem …