Previous Close | 131.43 |
Open | 131.46 |
Bid | 0.00 x 3000 |
Ask | 0.00 x 900 |
Day's Range | 131.44 - 131.48 |
52 Week Range | 103.89 - 134.42 |
Volume | 2,756,518 |
Avg. Volume | 1,823,315 |
Market Cap | 16.044B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 55.66 |
EPS (TTM) | N/A |
Earnings Date | Mar 18, 2021 - Mar 22, 2021 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 126.82 |
French luxury goods group LVMH plans to overhaul Tiffany & Co's vast merchandise lineup to increase the focus on gold and precious gems and take its silver bangles upmarket after closing the $15.8 billion takeover of the U.S. jeweller this month. Six sources, including two people with inside knowledge of Tiffany's operations, told Reuters the owner of Louis Vuitton would also likely revamp the appearance of the jeweller's stores and boost its presence in Europe and Asia. More than a third of Tiffany's 320 shops are in the United States and two sources described some of them as out-of-date, shoddy and in need of refurbishing.
French luxury goods group LVMH plans to overhaul Tiffany & Co's vast merchandise lineup to focus more on gold and precious gems while going more upmarket with its silver bangles after closing the $15.8 billion takeover of the U.S. jeweller this month. Six sources including two people with inside knowledge of Tiffany's operations told Reuters the owner of Louis Vuitton would also likely revamp the appearance of the jeweller's stores and boost its presence in Europe and Asia. More than a third of Tiffany's 320 shops are in the United States and two sources described some of them as out-of-date, shoddy and in need of refurbishing.
Qatar Investment Authority made a gain of around $892 million when it sold shares in Tiffany & Co as part of LVMH's $15.8 billion acquisition of the U.S. jeweller, according to analyst estimates and filing data. The French luxury goods group concluded its acquisition of the retailer last week in which QIA had been a longstanding investor having initially acquired a 5.2% stake in late 2011. After building that stake up over several years, QIA sold its remaining 9.3% stake in Tiffany as part of a renegotiated deal LVMH agreed with Tiffany shareholders in October that involved it paying $131.5 per share.