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Chewbacca · 10 September 2020, 01:06 AM

LVMH says the threat of US tariffs on French products has forced it to scrap its planned acquisition of Tiffany, which would have been the biggest luxury goods deal in history.

The French conglomerate announced Wednesday that as things stand, it would "not be able to complete" the $16.2 billion deal — which was announced last November — because of "a succession of events which undermine the acquisition."

So, who’s gonna buy it now?

https://www.cnn.com/2020/09/09/busin...hnk/index.html

Blansky · 10 September 2020, 01:37 AM

Tiffany's is over rated.

Had breakfast there once.

Nothing to write home about.

spoon-turbo · 10 September 2020, 01:38 AM

Bad news for Tiffany.

superdog · 10 September 2020, 02:04 AM

retail is screwed.....

jwkunkle · 10 September 2020, 03:06 AM

Quote:

Originally Posted by Blansky

Tiffany's is over rated.

Had breakfast there once.

Nothing to write home about.

as I recall, I think we both kinda liked it

Blansky · 10 September 2020, 03:11 AM

Quote:

Originally Posted by jwkunkle

as I recall, I think we both kinda liked it

Go lightly here. There's kids present.

FTX I · 10 September 2020, 03:54 AM

Quote:

Originally Posted by Blansky

Go lightly here. There's kids present.

GB-man · 10 September 2020, 06:53 AM

Lol more like the fact they wildly overbid considering the current market for retail crap.

RW16610 · 10 September 2020, 12:06 PM

Oh wow, not too surprised though given what some point out above.

Dr.Stu · 10 September 2020, 02:59 PM

Quote:

Originally Posted by Chewbacca

LVMH says the threat of US tariffs on French products has forced it to scrap its planned acquisition of Tiffany, which would have been the biggest luxury goods deal in history.

The French conglomerate announced Wednesday that as things stand, it would "not be able to complete" the $16.2 billion deal — which was announced last November — because of "a succession of events which undermine the acquisition."

So, who’s gonna buy it now?

https://www.cnn.com/2020/09/09/busin...hnk/index.html

Maybe Rolex should. They've already got the blue!

RazorD · 10 September 2020, 08:01 PM

Quote:

Originally Posted by Dr.Stu

Maybe Rolex should. They've already got the blue!

That’s actually a very interesting idea.

JayHantz · 10 September 2020, 11:13 PM

Quote:

Originally Posted by Blansky

Tiffany's is over rated.

Had breakfast there once.

Nothing to write home about.

Best post of the thread

Quote:

Originally Posted by jwkunkle

as I recall, I think we both kinda liked it

Best follow up. Thanks for getting that song stuck in my head.... "well that's, the one thing we got...."

Ballzzz · 10 September 2020, 11:49 PM

http://www.seekingalpha.com/pr/17998...rger-agreement

GoingPlaces · 10 September 2020, 11:53 PM

They still might work out a deal, but not at that number. It's still a storied brand and in the right hands can become quite valuable. Sure retail is screwed but Tiffany's is Tiffany's and will make it though this.

mannyv11 · 11 September 2020, 01:05 AM

People are buying precious metal watches at full list. My AD sold his platinum daytona for full retail plus tax. People with money during the current times still have money.

Tiffany's will always have people chomping at the bit to overpay for a simple engagement ring. Retail might be screwed but premium luxury brands I think will still do OK.

cop414 · 11 September 2020, 01:12 AM

Quote:

Originally Posted by jwkunkle

as I recall, I think we both kinda liked it

...well that’s one thing we’ve got,,,

bdex75 · 11 September 2020, 08:58 AM

Quote:

Originally Posted by mannyv11

People are buying precious metal watches at full list. My AD sold his platinum daytona for full retail plus tax. People with money during the current times still have money.

Tiffany's will always have people chomping at the bit to overpay for a simple engagement ring. Retail might be screwed but premium luxury brands I think will still do OK.

This right here. This kind of market doesn’t impact people with money like it does middle class people. And there is not much in my local Tiffany for middle class people.

Sent from my iPhone using Tapatalk Pro

10 September 2020, 01:06 AM	#1
Chewbacca Banned Join Date: May 2012 Real Name: CJ Location: Kashyyyk Watch: Kessel Run Chrono Posts: 21,112	LVMH Tiffany deal : DEAD LVMH says the threat of US tariffs on French products has forced it to scrap its planned acquisition of Tiffany, which would have been the biggest luxury goods deal in history. The French conglomerate announced Wednesday that as things stand, it would "not be able to complete" the $16.2 billion deal — which was announced last November — because of "a succession of events which undermine the acquisition." So, who’s gonna buy it now? https://www.cnn.com/2020/09/09/busin...hnk/index.html

10 September 2020, 01:37 AM	#2
Blansky 2024 Pledge Member Join Date: Feb 2013 Location: swmnpoolsmovie* Posts: 9,809	Tiffany's is over rated. Had breakfast there once. Nothing to write home about. __________________ OlllllllO

10 September 2020, 02:04 AM	#4
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,834	retail is screwed..... __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

10 September 2020, 06:53 AM	#8
GB-man 2024 SubLV41 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,356	Lol more like the fact they wildly overbid considering the current market for retail crap. __________________

10 September 2020, 11:49 PM	#13
Ballzzz 2024 SubLV41 Pledge Member Join Date: Dec 2017 Location: NY Posts: 2,515	http://www.seekingalpha.com/pr/17998...rger-agreement __________________ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. - Albert Einstein

10 September 2020, 01:38 AM	#3
spoon-turbo "TRF" Member Join Date: Jun 2018 Real Name: Paul Location: Asia Watch: PP Posts: 310	Bad news for Tiffany.

10 September 2020, 12:06 PM	#9
RW16610 2024 SubLV41 Pledge Member Join Date: Apr 2008 Real Name: Rommel Location: Toronto Canada Watch: 116710LN Posts: 9,205	Oh wow, not too surprised though given what some point out above.

10 September 2020, 11:53 PM	#14
GoingPlaces "TRF" Member Join Date: Jul 2014 Location: Washington, DC Posts: 5,356	They still might work out a deal, but not at that number. It's still a storied brand and in the right hands can become quite valuable. Sure retail is screwed but Tiffany's is Tiffany's and will make it though this.

11 September 2020, 01:05 AM	#15
mannyv11 "TRF" Member Join Date: Jun 2011 Real Name: Manny Location: MA Watch: DD,Sub,GMT,Daytona Posts: 4,515	People are buying precious metal watches at full list. My AD sold his platinum daytona for full retail plus tax. People with money during the current times still have money. Tiffany's will always have people chomping at the bit to overpay for a simple engagement ring. Retail might be screwed but premium luxury brands I think will still do OK.

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