35 Burst results for "Lvmh"

Twitter Sues Elon Musk to Hold Him to $44 Billion Deal

The Trish Regan Show

01:41 min | 2 months ago

Twitter Sues Elon Musk to Hold Him to $44 Billion Deal

"Back to Twitter right now. I guess this is the stock to buy. Or it was, anyway, both on a Friday and then going into Monday as we got word that Elon was just bailing on the whole deal because as I told you, he can't really just bail on it. Like there's a signed contract and the Delaware courts are pretty strict about these things like material adverse change or material adverse effect. He's going to have to somehow prove it. And look, I'm in, hey, maybe that's his goal. Maybe he just wants to take down the companies. If I have to spend $44 billion or a ton in legal fees, whatever it is, I'll do it. But all that said, it's going to be pretty tricky. In other words, he might just still ultimately be on the hook for all this money. Maybe he negotiates a lower price. I mean, there could be a situation where the board's like enough enough. We can't take it anymore. We just want the guy gone. Look, LVMH and Tiffany, they were able to come to a deal LVMH was buying Tiffany and it happened during 2020 and the economy had completely tanked. And so consequently, LVMH say, hey, we don't want to pay as much. And Tiffany agreed to it. And they didn't really have to, but I think they just didn't want to spend all that time in court. The question is, does Twitter want to spend all that time in court? They may say, hey, sure. What else? We got nothing to lose. So watch that very, very carefully. We saw as the news came out and after hours trading that the stock traded higher and you would have seen in Tuesday's trading as well that it traded higher. I think because people are coming to the realization now that they've read the merger agreement as I have that he doesn't quite have a clear path

Lvmh Elon Twitter Tiffany Delaware
Aeffe to Acquire Full Control of Moschino

Pop Fashion

01:47 min | 1 year ago

Aeffe to Acquire Full Control of Moschino

"Group i africa now owns masino. One of the top two brands. I routinely mispronounce. What's the other one lisa. Because she she see you. Did you just did it. I know because. I had to think about it. I was thinking hard. I wasn't going off the cup. This brand had a seventy percent stake in mosquito since one thousand nine hundred nine which was a couple of years after the death of the brand's founder franco most keno. He had started the brandon. Nineteen eighty-three and and actually. Since the beginning. I had been licensed partner and production and distribution partner for its men's and women's collection so they have been working hand in hand for almost forty years now owns one hundred percent. It bought the remaining thirty percent of the company for a combination of cash and other capital amounting to about sixty six million euros. Yes sabrina that is a lot of money. it really is. If you've never heard of it was started by alberta ferretti and her brother. The group also owns alberta freddie though mar blue girl cacharel amazon. Paul got i was looking up something about this story and happened upon an old new york times article from nineteen ninety nine. It was about the original. I ifm majority by of mosquito commented on other recent acquisitions by lvmh prada fendi. So nothing really changes. I was a little worried about them until you said that. They have been working together for decades. Now i'm not so worried like they understand who they're dealing with. They will let this brand continued to be lovely and weird. Which is how i like them.

Masino Alberta Freddie Franco Lisa Africa Brandon Alberta Ferretti Sabrina Lvmh Prada Fendi Amazon New York Times Paul
"Not Your Mother’s Tiffany" Campaign Sparks Backlash

Pop Fashion

02:27 min | 1 year ago

"Not Your Mother’s Tiffany" Campaign Sparks Backlash

"And company has a new marketing campaign. Just about everyone hates it so in this campaign which is online and it's on posters. There is pictured some variety of a young woman looking real cash wearing a piece of tiffany jewelry. She's wearing like high wasted jeans a tank top kind of thing and the big black taxed just says not. Your mother's tiffany. This is the first big campaign since. Lvmh bought tiffany's last year for remember it. Sixteen billion dollars. Then the pandemic and people weren't exactly buying jewelry which was not a good luck for tiffany. The rams of laying low and now that we are emerging from the pandemic fingers crossed. It is clear to just about everyone in the jewelry and luxury markets that tiffany is sort of olden dusty and could use new energy. They just recently pulled this trick where they made everything yellow including their bosses. They were disliked throwing off the norm. We didn't even talk about that but it did a yellow campaign yes and they try that at the same time. It's also becoming clear that gen z. Is ready to spend money but they are very particular about where they're spending money. You have this campaign that seems to be targeting gen z. Or a very young millennial but at the same time you are discounting you meaning tiffany. Tiffany is discounting their core market. Which is women are at the very least millennial age if not older right discounting completely forgetting that they spend money with you. They don't seem to want to be told that the brand isn't for them anymore. So social media hates it analysts and branding experts hater. I hate it. I think it feels cheap and to like some up. How cheap this is. I really liked this quote from marketing brew. They had a bit from katie. Keating who is founding partner and co chief creative officer at an ad agency called fancy. And here's what she had to say boy. Do i have a lot of feelings about this campaign. None of them good. It's too easy. It's been done plenty of times in one version or another to say desperately. We're not old fashioned. No really. we're not it's like they're apologizing for the previous one hundred eighty four years. Yeah and then. There's the issue of tossing one generation away in favor of another not cool especially when that other generation has been loyal customers for

Tiffany Lvmh Rams Keating Katie
"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

Reformed Millennials - Growth Investing Canada

04:27 min | 1 year ago

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

"Ideas and good ideas and just entrepreneurs in general is fantastic. Because we do not have enough of it. I mean it's plenty. There's a lot of it and then the us but there is none of in canada. Not enough i mean. That's part of what we're trying to do. Yeah yeah no. I kind of echo that whole sentiment and i think it's amazing especially for the nisha of because maybe you know it's easier to sell the massive idea the massive total addressable market. But there's plenty of businesses that are started of people that want to build like a lifestyle south company that would love to have a little bit of financing along the way. And there's really no avenue for that right now. which is i. Think the gap in the market there especially good at filling. I think that's just there's massive need for it. So i'm really calling for our will to kind of wrap up. I want to talk about too little pop. Culture news highlight thing that came up today. Probably everybody's listening this is jeff bezos made to space for ten minutes about. What was it. Thirteen nine hundred miles higher than richard branson which you think of that video manager rocket instead of the planes cool ios even better as all the videos.

canada us jeff bezos richard branson
"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

Reformed Millennials - Growth Investing Canada

04:27 min | 1 year ago

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

"Ideas and good ideas and just entrepreneurs in general is fantastic. Because we do not have enough of it. I mean it's plenty. There's a lot of it and then the us but there is none of in canada. Not enough i mean. That's part of what we're trying to do. Yeah yeah no. I kind of echo that whole sentiment and i think it's amazing especially for the nisha of because maybe you know it's easier to sell the massive idea the massive total addressable market. But there's plenty of businesses that are started of people that want to build like a lifestyle south company that would love to have a little bit of financing along the way. And there's really no avenue for that right now. which is i. Think the gap in the market there especially good at filling. I think that's just there's massive need for it. So i'm really calling for our will to kind of wrap up. I want to talk about too little pop. Culture news highlight thing that came up today. Probably everybody's listening this is jeff bezos made to space for ten minutes about. What was it. Thirteen nine hundred miles higher than richard branson which you think of that video manager rocket instead of the planes cool ios even better as all the videos.

canada us jeff bezos richard branson
"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

Reformed Millennials - Growth Investing Canada

02:06 min | 1 year ago

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

"This twenty minute term sheet so basically they will look at your statistic based on. Let's plug into a company like stripe and you're doing recurring payments as a company or your even just processing your e commerce sales through stripe. They will run an algorithm through it. And then tell you how much you can borrow from them and they take no equity. So i think this is kind of in line with the idea of just owning as much as pie as you can not. That's ubiquitous like kind of advice or strategy. But i think generally speaking if there's an option to get a little bit of debt financing especially in the ecommerce scenario where a lot of times. You're using that to finance buying merchandise. It does make sense. And obviously it's proven extremely profitable in popular for them. So i don't know if you've ever heard of clear co or having any. I have and i am so happy that they exist especially candidate. Because you're anyone earn entrepreneur in canada has ever tried to raise money. Go banking it alone on something. That isn't an oil and gas service. Business is an absolute nightmare. Trying to find anybody to give you cheap enough debt words you can actually build. A business is literally impossible your base. If you're not somebody out there grinding away building a an orange service company. I mean that seems more fundable than the majority of ecommerce or software businesses in canada. Because we do not have a banking system or a vc community or seed stage angel community big enough or they're on the mindset in they don't have the type of mindset that is willing to fund ideas that are pre revenue and banks won't even touch you if you're not generating money already so i think anything in the space that's willing to go on limb and fund great ideas and good ideas and just entrepreneurs in general is fantastic. Because we do not have enough of it. I mean it's plenty. There's a lot of it and then the us but there is none of in canada. Not enough i mean. That's part of what we're trying to do. Yeah yeah no. I kind of echo that whole sentiment and i think it's amazing especially for the nisha.

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

Reformed Millennials - Growth Investing Canada

02:06 min | 1 year ago

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

"This twenty minute term sheet so basically they will look at your statistic based on. Let's plug into a company like stripe and you're doing recurring payments as a company or your even just processing your e commerce sales through stripe. They will run an algorithm through it. And then tell you how much you can borrow from them and they take no equity. So i think this is kind of in line with the idea of just owning as much as pie as you can not. That's ubiquitous like kind of advice or strategy. But i think generally speaking if there's an option to get a little bit of debt financing especially in the ecommerce scenario where a lot of times. You're using that to finance buying merchandise. It does make sense. And obviously it's proven extremely profitable in popular for them. So i don't know if you've ever heard of clear co or having any. I have and i am so happy that they exist especially candidate. Because you're anyone earn entrepreneur in canada has ever tried to raise money. Go banking it alone on something. That isn't an oil and gas service. Business is an absolute nightmare. Trying to find anybody to give you cheap enough debt words you can actually build. A business is literally impossible your base. If you're not somebody out there grinding away building a an orange service company. I mean that seems more fundable than the majority of ecommerce or software businesses in canada. Because we do not have a banking system or a vc community or seed stage angel community big enough or they're on the mindset in they don't have the type of mindset that is willing to fund ideas that are pre revenue and banks won't even touch you if you're not generating money already so i think anything in the space that's willing to go on limb and fund great ideas and good ideas and just entrepreneurs in general is fantastic. Because we do not have enough of it. I mean it's plenty. There's a lot of it and then the us but there is none of in canada. Not enough i mean. That's part of what we're trying to do. Yeah yeah no. I kind of echo that whole sentiment and i think it's amazing especially for the nisha.

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

Reformed Millennials - Growth Investing Canada

05:10 min | 1 year ago

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

"Someone pose the question to both of them How long do you believe your business can last. For and steve jobs answered. Well i think the iphone in the an ipad with some iteration mean it could last five years could last twenty and then are no is like answers. The question and says well. I'm quite certain that dom perignon will be around for not just ten years. Not just twenty years but forever. I'm not worried about champagne and there's something to be said for that and many probably don't know this but since i would say the timer but said over the last five years apple hasn't four xt by lvmh has and a lot of that is because they've been able to buy. I mean some of the greatest brands world but they've been able to capitalize on their ability to be really great capital allocators so cash generated from their brands and then go buy the strongest brands out there and just recently they bought they bought off white. Which i think is. Maybe they're buying it pretty early. And i've still yet to find a concrete valuation on what they thought about sixty percent. I mean i would guess probably in that three billion dollar range now. One percent of the market cap of lvmh by I think that the purchases is a great..

dom perignon steve jobs lvmh apple
"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

Reformed Millennials - Growth Investing Canada

05:10 min | 1 year ago

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

"Someone pose the question to both of them How long do you believe your business can last. For and steve jobs answered. Well i think the iphone in the an ipad with some iteration mean it could last five years could last twenty and then are no is like answers. The question and says well. I'm quite certain that dom perignon will be around for not just ten years. Not just twenty years but forever. I'm not worried about champagne and there's something to be said for that and many probably don't know this but since i would say the timer but said over the last five years apple hasn't four xt by lvmh has and a lot of that is because they've been able to buy. I mean some of the greatest brands world but they've been able to capitalize on their ability to be really great capital allocators so cash generated from their brands and then go buy the strongest brands out there and just recently they bought they bought off white. Which i think is. Maybe they're buying it pretty early. And i've still yet to find a concrete valuation on what they thought about sixty percent. I mean i would guess probably in that three billion dollar range now. One percent of the market cap of lvmh by I think that the purchases is a great..

dom perignon steve jobs lvmh apple
"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

Reformed Millennials - Growth Investing Canada

03:26 min | 1 year ago

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

"That's twenty percent downside from here. I wouldn't be surprised that are panicked. Sell down will be to twenty two and then throughout what i believe to be the the crypto winter. So we'll say a year. The next year we could see seventeen eighteen thousand dollars. Bitcoin pricing which would probably translate to six hundred dollars. I'd have to look more closely overlay the to young because they don't have to be the same right. There can be protocol changes. They aren't They don't have to trade with each other. I just believe that. Bitcoin has less upside from a protocol perspective. That than and theory could easily trade away from it. But generally speaking the overall sentiment in crypto and i would say growth and long duration stocks is very much based around the success of bitcoin. That's basically yeah. I answer to it really hard to predict especially has got a very important change coming up from pufus Work or not that countdowns real and it can matter i mean one of the cofounders is also sold everything so that's a little scary to right. So yeah. I was reading some of those which i'm to avoid even looking at for now. Okay but the other thing. I wanted to talk about that was mentioned in my intro. Is this idea of suggesting that people own what they know and more specifically companies is trying to get their customers involved in ownership of their businesses. So this starts out within article we're gonna linked to in the newsletter reform formulas dot com but by one.

Bitcoin
"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

Reformed Millennials - Growth Investing Canada

03:26 min | 1 year ago

"lvmh" Discussed on Reformed Millennials - Growth Investing Canada

"That's twenty percent downside from here. I wouldn't be surprised that are panicked. Sell down will be to twenty two and then throughout what i believe to be the the crypto winter. So we'll say a year. The next year we could see seventeen eighteen thousand dollars. Bitcoin pricing which would probably translate to six hundred dollars. I'd have to look more closely overlay the to young because they don't have to be the same right. There can be protocol changes. They aren't They don't have to trade with each other. I just believe that. Bitcoin has less upside from a protocol perspective. That than and theory could easily trade away from it. But generally speaking the overall sentiment in crypto and i would say growth and long duration stocks is very much based around the success of bitcoin. That's basically yeah. I answer to it really hard to predict especially has got a very important change coming up from pufus Work or not that countdowns real and it can matter i mean one of the cofounders is also sold everything so that's a little scary to right. So yeah. I was reading some of those which i'm to avoid even looking at for now. Okay but the other thing. I wanted to talk about that was mentioned in my intro. Is this idea of suggesting that people own what they know and more specifically companies is trying to get their customers involved in ownership of their businesses. So this starts out within article we're gonna linked to in the newsletter reform formulas dot com but by one.

Bitcoin
Google, LVMH Unveil ‘AI Partnership’ for Luxury Online Shopping

Bloomberg Business of Sports

00:25 sec | 1 year ago

Google, LVMH Unveil ‘AI Partnership’ for Luxury Online Shopping

"Wealthy customers with a personalized experience when they shop online. Google will also work with individual brands like Louis Vuitton and Christian Dior. To enhance demand forecasting and inventory management and help better recommend targeted products to clients. AI will increasingly be embedded into every part of the operation. Karen Chase Bloomberg Radio. What's the true value of your custodial relationship? Ben Harrison of Bien Y. Mylan's Pershing

Christian Dior Louis Vuitton Karen Chase Google Bloomberg Radio Ben Harrison Bien Y. Mylan
Forbes releases its longest list of wealthiest people in the world

Mojo In The Morning

00:48 sec | 1 year ago

Forbes releases its longest list of wealthiest people in the world

"I don't even know why they make these lists anymore. But i guess we talk about it. So that's the reason. Forbes's annual billionaires includes a record-breaking two thousand seven hundred and fifty five billionaires with amazon founder jeff bezos topping it for the fourth consecutive year. This year's billionaire spike are worth a combined total of thirteen point one trillion dollars. Fun fact they all paid less lower tax rate than we did. And you did. In tesla chief executive elon. Musk jumped into the second spot on the list. Up from thirty first place last year were are no. He is the chief executive of the luxury goods brand. Lvmh louis vuitton Bill gates mark zuckerberg rounded out the top. Five of the world's richest

Jeff Bezos Forbes Amazon Tesla Musk Lvmh Louis Vuitton Bill Gates Mark Zuckerberg
LVMH buys 50% stake in Jay-Z's champagne brand Armand de Brignac

The Afternoon News with Kitty O'Neal

00:37 sec | 1 year ago

LVMH buys 50% stake in Jay-Z's champagne brand Armand de Brignac

"Deal, CBS News correspondent Lisa Matteo report businessman Jay Z is making moves off the mic. Announcing that more wet Hennessy is acquiring a 50% stake in his luxury champagne brand, Armand de Brignac, known to fans as a sieve, spades. The move provides the wrapper and entrepreneur the distribution power of a global drinks, John And while no it gets to expand into markets not traditionally served by some of its brands. Neither side would

Lisa Matteo Armand De Brignac Cbs News Jay Z Hennessy
Why Gaming Is A Creative Brands Paradise With Gravity Road Founder Mark Boyd

Esports Network Podcast

07:17 min | 1 year ago

Why Gaming Is A Creative Brands Paradise With Gravity Road Founder Mark Boyd

"Weeks ago to announce a new marketing practice and I enjoyed the conversation so much that I had to have them on the show dead. So Mark, I think the first question when it comes to the new practice, why was now the perfect time getting food poisoning the perfect time I think are always about time is I think we were feeling there was just such a momentum coming from clients is is is is one off a bit. So I think we could see the kind of client-side demand. I think you know 2020 was uh, I think a particular with a kind of extraordinary conditions in that year and people being at home just saw our kind of a sort of Tipping Point in a game that Assumption of of of gaming we might have play time that people were kind of evolved in so I thought I think that was kind of important but I think fundamentals Like we just saw a shift from gaming becoming being a subculture into culture itself more generally. I'm fascinated by the amount of whether it's kind of cross over into the aesthetic of gaming coming into fashion and similarly into sports. You might have talent pool areas investing in the gaming space. It really kind of crossed over and I think particularly young adult culture but culture more generally is so confused by informed by Gaming at that moment. It was the right thing for a kind of culture energetic creative business to to to be in and and you know final trigger points, where were some wins on home in the in the gaming space particularly develop a Brands. We just wanted to wanted to get involved. I also think as you can see that kind of tip report and the market maturing wage I'll point of view always with marketing is is is it's not an overly complex proposition. It's the clues off the talk to us but markets and that's about understanding people and although gaming is new and exciting and we're bringing we brought in at some really interesting people and team work on that, etc. Etc. The the fundamentals are still the same and what we were getting pushed on by both clients outside gaming wanted to get approved in in that kind of space. Some of this is bigger us Brands and international Brands but also by businesses and the gaming space is they wanted to see some of that kind of best practice and the kind of disciplines of marketing and communication brought to to gaming and that it's not a it's not a kind of dark heart wage. And you know feedback we were getting was there was a bit of there's a bit of smoke and mirrors around this and you know, uh, some of the fundamentals marketing, you know are just as relevant there so long, you know, all of those things coming together, you know, just you know made it's made us very excited about it. Absolutely. You mentioned the convergence of cultures with gaming and it's truly remarkable. When you think about what really are the pillars of culture and entertainment you have the music world. You have the film and T world you have passion you have sport you have all these different things and their Myriad of examples for every single one of those and what they've done in gaming over the last year Travis Scott in fortnite marshmallow in fortnite Avengers in fortnite from the film and T World Terminator. I believed. Yeah, it's all Epic Games in fortnite. But then you also have Louis Vuitton in League of Legend who have take your pictures. For sports athletes playing video games. I just saw NFL player trying to figure out who the best war zone player is and War Zone people lining up to play with him and the amount of money it all seems to run through gaming and it feels like that only started happening, maybe three or four or five years ago, you know soundtracks were always a huge part of video game. So that was the thing and there were some brand jeans here and their surrounding the gaming world, but it feels like a light switch went off. Is that your feeling about it to what was a a moment where you started to see? Okay, the floodgates opening and Brands and everybody else is figuring out a gaming strategy. Yeah. It's interesting. You you you mentioned some of those consumer Brands and and you know musicians and and the fortnite work is on Sabine sort of predicted chemical and and as good everybody excited better. I I think it's particularly interesting when you see dead. Brands like Louis Vuitton and lvmh getting involved. You'll seeing financial services and change Banks and and and and and the automobile category when they're moving there at scale. It's clear some things going going on. But this crossover has been happening while you know, you look at you know senior Netflix execs joining riots and things that it's not just these are not this convergence is is is is more than skin-deep. This is a significant shift and I think it was kind of important to realize his it's not just about people commenting coming to gaming I think my boss the aesthetic of gaming the visual look and feel and sounds and and the user interface all that kind of the ux all that kind of stuff comes to is coming to The Forum off. Culture more generally and I think that's what's that's what's kind of interesting. So, is there a Tipping Point? I mean, I think we'll kind of reflect the conditions of twenty twenty years with everything else just drove a kind of digital acceleration and I think it I think you know twenty or Twenty will be a kind of significance just move in terms of the muck need Services Industries appreciation of gaming and maybe somebody joke to me the other day that it was actually quite often people in marketing Services back in at home and seen their young or too seen that teenage a children playing gaming but I think actually I think with that that actually those statements actually frustrating cuz the lies of sorts of prejudice about gaming and that is just teenagers that do it and I think that's also the marketing industry's kind of wake up and realization you dead. You have a streamer is is is is 34 just now, you know, lots of people have got into gaming when their teenage teenagers but but

International Brands Travis Scott Fortnite Marshmallow In Fortni Brands Mark Louis Vuitton Lvmh Sabine NFL Netflix
Kenzo Takada, iconic French-Japanese fashion designer, has died

Reveal

01:04 min | 2 years ago

Kenzo Takada, iconic French-Japanese fashion designer, has died

"Japanese fashion designer Kenzo Takada died from covert 19 yesterday near Paris. NPR's Eleanor Beardsley reports, the designer was known simply as Kenzo. The name of the fashion house he built in the 19 seventies, Kenzo Takada died at the age of 81 at the American Hospital of Paris in the Seine, a residential suburb of the French capital. Kenzo, designed his first collection in 1970 became the first Japanese designer to make a name on the Paris fashion scene. He was known for his bright floral colorful patterns, some 8000 of them. Ah, boyish Look! Viva Kenzo was born in 1939, near Osaka. He became passionate about the sewing and design that was taught to his sisters. He arrived in France in 1965 by boat into the port city of Marseille. A Kenzo soon moved to Paris, a city that fascinated him and became his adopted home in 1993. Kenzo was bought by LVMH, the world's largest luxury group. Eleanor Beardsley. NPR NEWS PARIS

Kenzo Takada Viva Kenzo Paris Eleanor Beardsley American Hospital Of Paris NPR Lvmh Osaka Marseille France
Nobody wears fur any more

Monocle 24: The Globalist

04:33 min | 2 years ago

Nobody wears fur any more

"It's time to talk business. Now, with Dana Thomas, who's the paris-based? All of fashion operas the price of fast fashion and the future of closed Dan. Thanks so much for joining us. I must tell you that I have a relative who works in fashion and a little while ago. She very generously I thought started gifting me all these beautiful firs which she said she wasn't going to wear again I now understand why nobody's wearing her. Nobody's wearing for it took pita the people for Africo treatment of animals what thirty years to get this message through the heads of fashion industry players. But it seems like they're finally getting with the getting on board and they're slowing down or or banning. Nordstrom the. The American Department Store Big Department Store one of the few that. Actually is not completely shattered by the pandemic they managed to pull through Is Giving up selling furry will not be selling for I don't think for was a huge part of Nordstrom business. Nordstrom is a very middle market, suburban shopping mall kind of department store. So the for that they would sell would have been like the trim on your Parka or a little trim on a cough as opposed to a mink you wouldn't go to Nordstrom to buy a full length mink coat, but nevertheless there there disavowing vote as has macy's and Chanel a lot of brands have finally given up on it. I don't know what this is doing for the for instance, which is powerful and big industry and the for industry has made. Big Advances in over the years because of the pressure from Petah to make sure that that the whole. Farming, side of it was as humane as possible given you know in the end, you're killing animals for to wear clothing. You know more more humane certainly than the industrial agriculture side for cowhide for our handbags. But you know nevertheless, it seems like you know when they banned fog is in certain states. In the United States, this band for first serves feels like the same we're going to ban for not that anyone's really wearing it right now or that any can. Really afford it right now because they've all lost their shirts during the pandemic, but it's a good idea and maybe we should do it. So they're doing it and I think we're going to see a lot less than the streets but I mean all does and you point out that the house bill shoes I mean we're not talking about banning leather shoes. But you know. Gucci famously put out. mink trimmed Mules Apple seasons ago when I said Rubel Kelly took over the house and they were really popular. I remember seeing a woman on an airplane and I thought wow, that's really decadent. and. It feels really calm. It looks like it's probably really comfortable for an airplane to you WanNa you WanNa, wear something cushy on your feet. Right? I thought that is so decorated it feels like Louis Kettles and we won't be seeing at least being sold at Nordstrom. We won't be seeing those shoes anymore more. Then, and we don't have a lot of time but a very quick look at where we are in this case between tiffany and lvmh. Well, tiffany has decided to countersue. So I mean everyone's suing everybody else and it's it's just back and forth and back and forth tiffany says it did not experienced a managed material adverse effect during the pandemic and that basically lvmh trying to get a better deal, which is what we all believe it is and it says the lvmh's specious arguments are yet another blatant attempt to evade its contractual obligation to pay the agreed upon price for Tiffany and you know they're go to just fight this and see what happens I'm I'm interested to see how this plays out absolutely tiffany needs a sale and Wants it. Somebody's going to figure out the middle ground now? Why does tiffany need to sail? It's it's been in play for some time and it's it's kind of an a stuck place. They redid the store somewhat in New York. But it it a point where it needs to grow change or evolve at. It's kind of stuck an lvmh with its synergies and it's and it's specially it's retail network but also its whole marketing department everything would really give the brand a boost in a way that would take it to a new place tiffany's sort of motoring along but not great. Yeah. That's why it's been. The object of you know it's been. Looked at as a possible takeover lvmh just going to swoop in and buy a bowl the stock, and they still just may do that

Tiffany Nordstrom Dana Thomas Lvmh Big Department Store DAN Africo American Department Cough United States Petah Macy Louis Kettles Gucci Rubel Kelly Chanel New York
"lvmh" Discussed on NewsRadio WIOD

NewsRadio WIOD

04:09 min | 2 years ago

"lvmh" Discussed on NewsRadio WIOD

"Switch plus taxes and fees stop by for details over 50 gigabytes per month have lower speeds during congestion. Video at 4 80 P c t mobile dot com You're next update in 10 Minutes. NEWS Radio 6 10 w +00 D All right. Thanks very much seller warm and muggy. Start or a day we just had a pretty good sized shower. Come through Mommy Beach about a 40% chance of rain this afternoon. Find the will of highs in the upper eighties. I thought for our business News of rivers, Jeff Bella's Marty. Good morning, Jimmy. Low or negative interest rates could be a double edged sword. They're credited with boosting the housing market, but they're bad news for retirees when combined with record public debt and a recession. 2020 Global Retirement index from the Texas ranks Iceland, Switzerland and Norway at the top When it comes to retiree wellbeing and financial security, the United States has ranked 16. Among 44 developed nations studied. Tesla is reportedly pursuing a plan to mine its own lithium sources say the electric vehicle company Discussed buying Cyprus development but did not reach a deal. Now Tesla has secured mining rights to 10,000 acres in Nevada and plans to dig for lithium on its own to produce batteries in the French luxury goods. Baker LVMH has filed a countersuit against Tiffany and company LVMH had agreed to by Tiffany for $16 billion, but pulled out of the deal leading to a lawsuit by Tiffany. Now. LVMH says in its lawsuit that the decision was based on the French government request to delay the acquisition and Tiffany's mismanagement during the pandemic. Jimmy back to you. All right. Thanks very much. Well, tonight's debate really matter in the election. A new poll suggests might not have that much influence on voters in the mountain with Monmouth University survey out yesterday, just 3% so the debate is very likely to influence their vote, 10% said. It's somewhat likely to do so. A whopping, 87% said It's not likely to affect the vote all the same time, nearly three quarters said they will be tuning in tonight. I think it's just more of the drama. You know, it's the Donald Trump factor. You know you put you put him against you put him against anybody and there's people going to show up. You put buying tickets, anybody and nobody's going to show up. Except for Donald Trump, You know, I mean, he's he just does that. The magnetism that draws people. But sometimes you want to be a train wreck. You never know what he's going to say. And you know this drinking game many have you seen these? Yes, of course they debate Lotto Someone. Yes, I won this morning was like, take a sip every time. Joseph is Hey man, or something like that. Where you hear the term. What is it? The radical liberal If socialism well, my favorite my favorite won this fair share. How many times were fair share tonight? And I've always wondered what the hell is always fair Share. What is it? You know, back when Kennedy first took office, it was 90% these ones that we can't do that. He dropped the right when Reagan became president. He drops the tax the high tax rate to 28%. I was probably too low. So what is fair share their cause, like to say that they got to pay their fair share. Well, the 50% of Americans don't pay anything at all. What about their fair share? So that's a term. Probably you're going to hear tonight a bunch too. You also may hear about the Democrats, Republicans finally getting together on a Another stimulus package. Apparently the damsel come off through $3 million number. Proposing to 0.2 trillion It's a lot of money. Still a whole lot of money and so want to pay people $600 a month. Not that we're a week not to work in addition to the other money, Alright, thanks Manning Here, thanks to Chris, Of course Appreciation. Tio,.

Jimmy Tiffany Donald Trump LVMH Baker LVMH Mommy Beach Tesla Reagan Monmouth University Jeff Bella Nevada Texas Tio Kennedy United States Manning French government
LVMH Countersues Tiffany Over Merger

Bernie and Sid in the Morning

00:20 sec | 2 years ago

LVMH Countersues Tiffany Over Merger

"Business report. Luxury giant LVMH is countersuing Tiffany LVMH canceled their $16 billion merger is saying it was invalidated by the Corona virus pandemic Tiffany suit Now LVMH is suing Tiffany's saying the business has been mismanaged and is so deeply damaged that their

Tiffany Lvmh Now Lvmh Lvmh Tiffany
LVMH Countersues Tiffany Over Merger

CNBC's Fast Money

02:04 min | 2 years ago

LVMH Countersues Tiffany Over Merger

"Lvmh has filed a counter lawsuit against Tiffany. That's just the latest piece of drama going in that ongoing merger dispute between the two luxury brands. Robert Frank joins us now with the latest here, and this is getting to be a pretty bad divorce in a marriage that hasn't even happened yet. That's right dominance. The latest shot fired Mike. Call the battle of the here lvmh filing a counterclaim against tiffany in Delaware Chancery Court. Now, this is a response to Tiffany's lawsuit filed earlier. This month that sought to force lvmh to proceed with that deal to buy tiffany for sixteen billion dollars now lvmh complaining that here's how it starts out. This is the first line. The business lvmh proposed to acquire November of twenty, nine, thousand, nine, hundred, no longer exists. What remains is a mis manage business with no end to its problems insight and it just gets worse from there dom now. Alleges there was a material adverse effect here it says that the pandemic created extraordinary damage to tiffany and this is important. There was no carve out in the deal agreement for pandemic. Now, the core of the complaint is really that tiffany has been mismanaged. It says that tiffany paid dividends when it shouldn't have that it cut marketing and s GNA expenses that will actually cost future. Sales and said that luxury companies in the US have a bleak future saying that ninety percent of Tiffany's sales are brick and mortar stores. You don't WanNa be that kind of retail right now and eighty percent of those brick and mortar stores that typically has our shopping malls. Now lvmh also cites a letter from the French foreign minister that says, it is impossible to close that transaction. That's what Lvmh's saying and the trial for all of this set to begin on January fifth dom. So we'll see whether the judge gets to hear all this where they reached some kind of settlement. Before whether they reach a deal at a lower price, a lot's going to happen in the next couple of months before that trial.

Lvmh Tiffany Delaware Chancery Court Robert Frank Mike United States GNA
LVMH Is Readying Its Red Pen for Tiffany's Books

Wall Street Breakfast

00:42 sec | 2 years ago

LVMH Is Readying Its Red Pen for Tiffany's Books

"A Delaware judge is expediting the trial date for Tiffany's lawsuit against lvmh which backed out of a sixteen point two billion dollar takeover of the US jeweler earlier this month. We appreciate the court's ruling today to expedite the process said tiffany chairman. Rodger Farah a trial on January. Fifth Twenty Twenty one will hopefully lead to a ruling prior to the expiration of US antitrust clearance on February third twenty, twenty one and enable us to protect our company and our shareholders. lvmh has argued that a material effect from the pandemic had hurt tiffany's business while it couldn't complete the deal by the November closing date for fear of getting in the middle of a US. France trade war.

Twenty Twenty United States Lvmh Tiffany Rodger Farah Chairman Delaware France
Tiffany Files Lawsuit Against LVMH To Enforce Merger

Monocle 24: The Globalist

04:42 min | 2 years ago

Tiffany Files Lawsuit Against LVMH To Enforce Merger

"Let's turn to the latest developments in the ongoing legal battle between the US jewelry giant Tiffany and French luxury group lvmh. Last November lvmh agreed to acquire Tiffany, but tiffany has since accused of trying to run down the clock in order to let the deal run out of time. So then now trying to fast track the process well, Dana Thomas is the author fashioned police, the price of I fashion and the future of clothes, and to say, she joins us once again from Paris good morning. Good Morning. So bring us up to date in a story that twists and turns an awful lot. Well. This is this is the third time in my career that lvmh's done this week it's become a big big the deal the takeover deals become a big news story. They did it with Gucci they did it with our they lost both of them, and now they're doing it with tiffany and we'll see what happens the latest news is yesterday. The Delaware Court of Chancery where because they'll tiffany is registered in the state of Delaware. In the United States. Has, set a digital hearing date for four day trial starting January fifth and they're gonNA. They're if they don't settle this beforehand, they're going to go to trial and tiffany is pushing for the trial November while Lvmh, wanted it in March or April. So the courts split the split the difference in set it for January this is important because it's right before the US regulatory approval for the sixteen point two, billion dollar acquisition expires on February third. This is the largest bid for a takeover that lvmh did and it's I think the largest ever in the in the luxury industry. She doesn't want to pay that much now and understandably so. Tiffany is down. Had A first-half operating loss of forty, five, million dollars a loss of forty five in the same time. Last year, it had earnings of three, hundred, forty, five, million. So they feel like, yeah, we made this bid last November before Kovic. Everything else hit and Tiffany was thriving and now it's not worth sixteen point two, billion dollars. We'd like to reevaluate that and Tiffany's like saying too bad for you. Well, neither seemed to be giving any leeway on this because toughen says that it it doesn't see what has to cut its prices. It's ready to go to court and LVMH's saying start rushing us because you know the reason why I'm trying to Russia's you don't want us to look at the way that you handle your books during cove it. Well, it's not even just handling the books. All the stores were closed out around the world and people still ordered online. Could you would you order a ending tiffany jewelry online? Have it delivered to your mailbox? I don't think so unless you really needed to get married and that was that but I think that Tiffany Tiffany is. Really pushing for the most important thing which is that you know if they if they go to court lvmh. Chairman. Bernard Arnault could be deposed in the case and asked if he pressured the French government to help give the French group and out is the with this deal because the French government is the ones who stepped in and said, you know we're not going to you can't do this so. The firm, you know originally said that they were dropping this because of a US trade dispute, which is you know. Not terribly clear. So are no what have to swear you know in the courthouse on a Bible or or not in the courthouse because it'll be digital and say no I didn't ask the government to given how well connected he is with the government and with. President. Matt Cole. I wonder and and I'm not the only one to wonder and obviously tiffany wonders, and so it'll be interesting to see how that plays out. Dana how is this going to play out given the fact I mean you mentioned the fact that Lvmh's attempts to by the likes of Gucci didn't work out. Right well, there's a couple of different scenarios. The first one is it tiffany gets. To close the deal at the original price. I, doubt that's going to happen because Bernardo is a really shrewd businessman and he does not overpay. The second one is that the deal is done at a lower prices previously agreed they get some mediators in there they work it out before you tiffany's a publicly traded company. This could really make their their stock collapsed to a point that you know they're really. Hurting thirties at you know Arno. Tries to go hostile takeover because it is a publicly traded company and starts buying tiffany on the public market at a reduced price and eventually has so much that he says, boom I'm owner of the company too bad for you.

Tiffany Tiffany Tiffany Lvmh French Government United States Dana Thomas Bernard Arnault Gucci Delaware Court Of Chancery Delaware Paris Bernardo Kovic Chairman Matt Cole President Trump Russia
"lvmh" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 2 years ago

"lvmh" Discussed on Bloomberg Radio New York

"A Bloomberg money minute. Wall Street closed out the week with a down session, sending stocks to a six week low. Tech shares led the decline. The Dow Jones industrial Average tumbled 245, the S and P fell 38. The NASDAQ dropped 1 17 iPhone users in the U. S are rushing to install the China own Messaging APP. We chat a head of a band that takes effect Sunday. The Trump Administration is moving to ban We chat along with TIC TAC, citing national security concerns. LVMH has submitted its proposed acquisition of Tiffany to European regulators for approval. The French luxury goods giant is trying to show good faith even as it looks to kill the Neil Tiffany has gone to court to keep it together. Wall Street firms want to bring employees back to the office, saying company culture and productivity you're suffering. But the virus isn't cooperating. Rash of infections on trading floors has resulted in some employees being sent back home. Larry Kowski Bloomberg Radio. Sweet strawberry icing, urine, goodwill and just passed that vintage denim jacket, you spot miniature doughnut earrings. You leaning? That's the scent of shopping success because at goodwill every item you by one's local job training and more So bring home those doughnut hearings on bring home so much good to your community. Good will bring good home brought to you by Goodwill and the Ad council president of the Jewish Communal Fund Zoya Rains and her husband, Robert Friedman, Jewish activists and philanthropists talk about why they chose the Jewish communal fund for their charitable giving as very busy working parents. We wanted to focus more on the charity part of it and wanted to focus more on our Children and less on the administration Theaters Communal fund is one of the oldest and largest donor advised funds. But this Same time. They're totally up to date and have state of the art.

Goodwill Jewish Communal Fund Bloomberg Neil Tiffany Tiffany LVMH Larry Kowski Zoya Rains Ad council Robert Friedman president
LVMH Scraps $16 Billion Deal, Leaving Tiffany at the Altar

Business Wars Daily

01:24 min | 2 years ago

LVMH Scraps $16 Billion Deal, Leaving Tiffany at the Altar

"From wondering I'm David Brown of this business wars daily on this Wednesday September sixteenth. Well folks today we have another sad story of love gone bad after months of planning the marriage between venerable jeweler, tiffany and company and the world's largest luxury conglomerate. lvmh has been called off. That's right. Tiffany has been left at the altar and that leaves big questions about its future. Well, as we told you in December, it seemed like a match made in Heaven after years of. Struggle tiffany would be part of an organization that included brands like Louis Vuitton Fendi Christian Dior to name just a few for tiffany. That Union represented more financial stability for the Paris based Lvmh the move would bolster their fine jewelry sales in the US according to a report in business insider. Then last Wednesday lvmh issued a statement saying it was calling off the sixteen billion dollar deal. So when we're wrong apparently, the governments of each company's home country were to

Tiffany Lvmh Louis Vuitton David Brown United States Paris Union
LVMH pulls out of $16 billion Tiffany deal, citing tariffs

Monocle 24: The Briefing

01:42 min | 2 years ago

LVMH pulls out of $16 billion Tiffany deal, citing tariffs

"Time now to get around up of some of the day's business stories with Bloomberg's union pulse UN first of all more details about a breakdown of the world's biggest ever luxury deal. It says here. Yeah, a breakdown involving tiffany jewelry. Now, the deal was between Lvmh the French of Louis Vuitton Christian detoro Kristen do many other luxury brands actually the world's biggest luxury company at eight had planned to buy tiffany of the US sixteen billion dollar deal the biggest in luxury history and yesterday we found out that deal is to break down a little bit of war of words broken out over why exactly it's broken down Bloomberg reporting. A scoop tonight, the album make chairman asked the French government for help in an effort to put out of the deal to buy. Tiffany is only by the company spokesman Coney at militias and totally on founded. Now, we understand that said the chairman off the French government to help out with this in NFL to renegotiate a low price in the wake of the grown of ours pandemic and the protests in the US which have been. Going on now, this is a deal which really took the luxury world by quite some surprise. It was a big big deal. There is no break-up feed has been agreed. So in theory, I could walk away without any costs, but it might hate the. Press the reputation of the chairman he's up his reputation is actually Franz's richest man by building this company into a luxury mammoth. He's done a lot of acquisitions. His time, but this one seems to have gone sour

Chairman French Government Bloomberg United States Tiffany UN Louis Vuitton Lvmh Coney NFL Kristen Franz
"lvmh" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:27 min | 2 years ago

"lvmh" Discussed on Bloomberg Radio New York

"On the Eastern Seaboard of the United States and Rashad Salama and I'm Ryan Curtis. Not much training going on right this minute will get Sydney, Tokyo and Seoul opening up in about 90 minutes. And then three hours from now, Hong Kong and Shanghai will start to trade. China Futures up about 4/10 of 1% HangSeng Index futures up about 9/10 of 1%. The market's in a moment, But for now, the top stories AstraZeneca says there's no final diagnosis and what a UK participant in its help did. Clinical trial is suffering from According to a report from stat. Francis Collins, director of the U. S. National Institutes of Health, told a Senate committee that AstraZeneca's vaccine trail had been halted due to a spinal cord problem with a participant. AstraZeneca, and it's part of the University of Oxford confirmed that it holding the study for a review of safety data. Lawrence How is University assistant professor of emergency medicine and Johns Hopkins, telling Bloomberg. The pauses a routine event for the farmer industry. This is a standard process in both vaccine and therapeutic creation and production. We stopped trials when we see something concerning or unexplainable, something that doesn't align with the data we saw in phase one and two. And so this's AstraZeneca doing their due diligence looking at this adverse event, looking at what happened to this person who had an unexplained illness. Going back through their data to see if perhaps they saw it elsewhere. The Financial Times also reported that people associated with the trial say it could resume early next week That after all, safety data has been reviewed soon remind you that the Johns Hopkins Bloomberg School of Public Health is supported by Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies. Fight Dance is discussing some possible arrangements with U. S government that would allow tick talk to avoid a full sale of its U. S operations. That's according to a report from Dow Jones. Sources say discussions around such an option have actually been underway for months, but the talks have increased in urgency since the Chinese government took steps to make a sale more difficult. The deadline for Tic Tac to sell its U. S assets is September 15th. LVMH is a move to call off a $16 billion purchase of Tiffany, which counted with a lawsuit to try to keep the deal on track. Let's get more from Deborah. LVMH is saying that he has broken the merger agreement. It is not performed as well as the rest of the sector and that it had some pressure from ministers in front for the deal to be delayed. Direction of Bloomberg intelligence that, SOC said LVMH Chairman bound and Arlo asked for help from the French government. In an effort to pull out of the deal. LVMH is formally denied it exerted any kind of pressure. Meanwhile, Tiffany says that LVMH was trying to leverage the protests against police brutality and the covered 19 pandemic. To seek a lower price. All right, let's take a closer look at the markets. Asian futures are higher in terms of equities. Herewith thanks. Ng Index futures up 9/10 of a percent, about half that amount for China futures. Australian futures of 1.3% and we have s and P e men. He's also trading up with a gain of about 1/10 of a percent pretty strong rally on Wall Street stocks, rebounding from the heavy selling over the past week. The buyer's coming back in investors loaded backup on technology shares the NASDAQ 100 At his best day since April, There was also a little bit of sell the rips to that kind of thinking investors sold into the clothes. We came well off the highs of the day, but Still for the Bulls. Ah, very solid day, the NASDAQ jumping 2.7%, the S and P 500 up 2%. The Dow Jones industrial average up 1.6%. The S and P rose the most since June, The NASDAQ bounced off its 50 day moving average. So did the individual company, Tesla. And that suggests to some that selling over the past week and the buying today were more of a technical nature. Computer chip hardware makers were up, led by Andy and Apple Apple, for instance. Gained 4%. The dollar was weaker. So that helped we've kind of flattened out here in Asia, But the Bloomberg gonna spot index dropped 4/10 of a percent during US session. Dalian 106 20 now yield on the 10 year 70 basis points, so not a lot of action Now we had That you'll pick up two bases points for the day T I crewed 37 91 a barrel shot. Yeah, but we got this nearly really released audio showing that President Donald Trump misled, if not lie to the American public and the world when he said the Corona virus was like the flu and would go away, Ed Baxter's got the details and the rest of the global news. Yeah, the information here wishes that when he was standing at the podium says, just like the flu, it will go away that he knew that that was not true. Those audio recordings released today by Bob Woodward and CNN will play a sample in a moment. But the president has responded today at a news conference, saying he was just acting as a good leader. We just don't want to use the best word is panic. We don't want to have to show panic. We're not going to show panic and that's exactly what I did. And I was very open. Whether it's to Woodward or anybody else. It's just another Political hitch, but whether it was Woodward or anybody else. You cannot show a sense of panic or you're gonna have bigger problems than you ever had before. So he went to hit job again. Now, With his permission, Bob Woodward recorded interviews over a number of months CNN has released as I said, part of this..

LVMH Bloomberg LP AstraZeneca Bob Woodward Johns Hopkins Bloomberg School Michael R. Bloomberg China Bloomberg Philanthropies Bloomberg flu Hong Kong United States CNN Johns Hopkins UK Rashad Salama Dow Jones Francis Collins
"lvmh" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:40 min | 2 years ago

"lvmh" Discussed on Bloomberg Radio New York

"Acrimony, with LVMH moving to call off a $16 billion purchase of Tiffany, which countered with a lawsuit to try to keep the deal on track. Today, we saw Tiffany shares tumbled by 6.4%. Some of the other big movers that we saw today did include shares of Tesla Tesla rallying today. Sharp contrast to yesterday's selling. Tesla's shares did advanced today by 10.9% again, recapping Gear as some P up 67 again of 2%. Down about 1.6% stack up, 2.7%. I'm Charlie Pellet. That's a blueberry business Flash. All right, Charlie. Thank you so much. So the market of course, closing Charlie giving you the run down. Of the numbers and definitely a different tone. From what we've seen over the last three trading days. If I look at the S and P 500, Jason, certainly a much more bullet. Bullish tone 398 names in the index higher today. 103 Lower four unchanged, and if I break it down According to those major industry groups in the S and P 500, there are 11 of them. You see a broad based rally top of the pack information Technology, said those names that have consistently pushed the overall equity market in the US higher continue to do so. Today. That group is at the back 3.4% materials. Up 2.6% consumer discretionary up 2.3% bottom of the pack energy, but still with a gain of about two thirds of 1%. So, Yeah, This was definitely a risk on trade today, and probably, as we said, you know, by the dip. We heard right Hank Smith talking about it. That's been their strategy of the last couple of months and throughout the bull market that when the market pulls back, it's an opportunity for investors to get in. Just get on. And price is right. I mean, and if you look at some individual names looking at information technology Semiconductor names all over the place in video down for three straight days was down 9% 3% and then five. 0.6% yesterday. It's your biggest gainer in the S P your second biggest Skinner. Excuse me. It is up 6.7%. It has been a darling of the entire market. Certainly the tech world That's a stock that has more than doubled on is now the world's largest chip maker. On the flip side, number one decliner in the S and P 500 is Tiffany. We talked about it earlier. It's certainly been one of our big corporate and business stories. Today. Stock was down. More than 11% at its lows, finishing the day though down about 6.5%. And of course, the story is LVMH backing away from Tiffany and buying Tiffany on. It's an interesting stories. You said. You were really wonderful, Jason talking about kind of the main environment. The story has a little bit of a twist with the French government. A cz part of maybe why LVMH is backing out. I feel like tick, tick, tick, tick. Let's wait and see whether or not they come in and say. You know what? We are still interested. We just want a lower price. And maybe this is part of the negotiating will come back to the table. Have some cheese. I have a glass of wine. Ineligible. Ready bracelet. How about some Don Perignon? Can I get you some? Because we've got some Right here. We can work this out. Can't win that You might be exactly I've got this nice little blue box. It's got a new price in it. We'll see. I mean, it has certainly been one of the most watched transactions on hold for now, but we'll see. Investors in Lulu Lemon, not happy today. A cautious outlook they basically like, Listen, we don't know what's gonna happen next, even though they had a great quarter. They were really punished in the market today, and I do wonder we've talked about this on this program before. You know when, when a company refuses to give guidance, especially at this point, I get it in May, June. You don't really know what's going to happen in the world. Listen, we don't know what's gonna happen in the world Still, But if you're performing as well as Lulu is like Make a guess right now is what you think I come on. And the thing I want to go back to is you are running a company. You have to make decisions. You don't have a choice. You can't just kind of say to your whole, You know, team, we'll see exactly what's going on. You've got to make decisions. Let's point out that Lulu. Heading into today's session. We got their earnings after the close yesterday stock was at the back 51%. So you know me. It's a retail Have Thanks, Smith with yeah, that's for sure. Exactly. All right, let's take a quick look at volatilities. The vics down about 7.4% closing below 30 at 29. 0.14 it's Bloomberg. All.

LVMH Tiffany Charlie Pellet Tesla Hank Smith Jason Lulu Lemon US technology Semiconductor Bloomberg Don Perignon
LVMH Pulls Out of Tiffany Takeover

Rush Limbaugh

00:38 sec | 2 years ago

LVMH Pulls Out of Tiffany Takeover

"A couple of luxury giants might not be merging after all luxury brands company LVMH says it is pulling out of its merger with Tiffany. The deal was supposed to close on November 24th. LVMH claims both Tiffany and the French government want to delay the deal blaming possible U. S trade tariffs LVMH does the delay isn't allowed by the government. Now Tiffany is doing trying to force the merger too close in November. LVMH has been trying to re negotiate the deal in recent months. The agreement was reached before the pandemic, which crushed demand for luxury goods. GeneCo's Sola Fox

Lvmh Tiffany French Government Sola Fox U. S
"lvmh" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:50 min | 2 years ago

"lvmh" Discussed on Bloomberg Radio New York

"LVMH moved to call off that $16 billion purchase of Tiffany, which countered with a lawsuit to try to keep that deal on track. And it's a Bloomberg business flash time. ELISA carrying things so much Lisa Brown once in time keen Paul Sweeney off off her shoulder where this again is Karen Moscow, says Tao of 247. Points. Andrew fell stunned joins us down just writing up on Tiffany and LV. Andrea, What did you write in your essay for Bloomberg? I wrote that they appear to be walking away, but some they could well come back that I'll be a maid could come back. Well, I looked at the chart. Okay. What you do, folks. As you go back X number of years. Tiffany's is really elegant. You go back to decades. 1990 you do a fancy what's called Log extrapolation. Called a regression and Andrea were right smack dab Now with this declined today on the center tendencia, Tiffany's one standard deviation down. It's $109 a share now. Is about $90 a share down 20 bucks in a bargain basement price They're never going to get there's about $75 is well, how cheap is cheap for LVMH to come back in. Well, they've offered the original offering $135 a share. You know if they can get it for less than that, but that that probably suit I mean, some analysts have talked about You know, around half of the value if if LVMH walks away, but they will probably have to pay a premium. Still some sort of premium, but Yeah, it's going to be less than 1 35. So that's that's that's probably think, Sylvia night, Andrew. What's the reason behind it? Is it really this to political issue of tariffs that the US is putting on French goods in the French government getting involved or is this just purely a game evaluation? I think this is a game of valuation. The luxury industry has bean you know her very badly by the by the virus, although interestingly, LVMH is probably emerging or we know you know the big are getting bigger. Strong and getting stronger. So Elvia make you know the biggest luxury group in the world. It's getting stronger, but yeah, but, you know, it won't escape from from the impact from the virus on DH that that that looks like Reason why eso it It's gonna get messy. It already is messy and Tiffany is going to sue LVMH. Could they win? Kids today? Yeah. And I mean it's possible. I mean, it's likely they come to some sort of agreement on that could involve LVMH sticking to the deal, but as a lover pride Top. Are you thinking of going shopping online for Tiffany's? Hey, I know it isn't much and right. Can you explain to me how luxury goods are sold online? Two people really buy that bracelet. Lisa's looking at that 18 30. I'm no one looked getting blamed for 8000 bucks. Do they really buy that online? They really do They really do know politics now owned by rich moms they had sold, You know, really, really expensive. Conde Wass lets Andi I think you know they fail. There is a pre owned What side called Watch. Find out which reach Mom both on They sell, you know very expensive. What if people do buy lunch? We could remind thee and all sorts of online shopping has been celebrated by the virus, Including top and lunch. Ray. We had 4000 employees in New York. I think it is. Andrea Fell started the on ly one that would know this question is Scarlet Fu she emails in And says, You've gotta ask Andrea about Kim Jones. This is a huge deal in fashion. You really for the late Carl Lagerfeld going over to Fendi? Who is Kim Jones, the British designer. And why is this such a big deal to go from Chanel or defending? Carla Fendi designer as well as Chanel on DH will be sort of taking it on to a new a new level when we had quite a lot of change. Top, Um you know, on DH we had We had some changes across the industry and this will be the latest one. And it will be taking, you know, taking that brand into a new direction. Do you assume that luxury? Just You know, there's a vaccine, the pandemics over and for luxury. It's like it never happened. I I think Well, I think in China already is Rick operating. It is like it never happened. You know there's a phenomenon of revenge. Spending on Don't forget you, Seymour King. Maybe mean working from home work toward away through. You can't go on holiday. You can go to rest wrong. You know, you probably saved quite a lot. And there is going to be a connection off that population looking. You know what? I'm going to treat myself for a man? That might be you know what? Go away, Andrea. In my next agreement that I negotiate with Dale from New Jersey. I'm going to demand that you come on this show every day. Thank you so much. Lisa Revenge spending. There was such a good band They played. I saw them in Ithaca, New York, I sought revenge spending a TTE the tongue, Canet. Whatever. That bar was up in a turkey necked mechanic north of Cornell, Revenge spending. They were so good. It was like Mumford and sons before Mumford and sons. They're hipster crowd there. Right there. Right there, Mr Van, you know, I didn't have a drum set there the wood box on the floor and all that David Gergen. Turned me on to them. We're spending it was so good places on that. Is that what they do at your house is revenge. Sending revenge? Got roadblocks. Ah, lot of a lot of revenge spending. I think I found you a Fendi jumper. For $770 offended Pulumur that is just screaming, screaming your name for some revenge spending to hyung keen. I think the U s a really good question, Which is his luxury. Go back to what? It was your pandemic, And I wonder whether there will be more awareness to flaunting wealth at a time. I was definitely there. Definitely there right now. People don't definitely there. No question about it. And and I said Yes. And I wonder.

LVMH Andrea Fell Tiffany Lisa Brown Andrew New York Bloomberg Chanel Carl Lagerfeld Karen Moscow Paul Sweeney US Kim Jones Conde Wass Seymour King Elvia
LVMH Profit Plunges Amid Boutique Closures

BTV Simulcast

03:09 min | 2 years ago

LVMH Profit Plunges Amid Boutique Closures

"Of newly Vito and other luxury brands reporting worse than anticipated profits in the second quarter demand for high end fashion, of course, drying up amid the pandemic. Epidemic intelligence is aged Pacific senior retail and consumer. Anna's Catherine Lynn joins us is the worst over for LVMH Catherine in terms of sales and profit declines. Right. Well, I think in terms ofthe sales, I do think that the worst is over. Given that you know, in the 1st 6 months off from 2020 we LVMH was affected by store closures. That were gentlemen day tree under certain knockdowns in countries So going forward with that coming to a halt. I do see sales declined more dear ating. The prophet perspective. On the other hand, there are that there is a likelihood and the risk that the profit declines will continue. In the same magnitude given that I think the cause ofthe Aguila but particularly when it comes to wage is, um, I think you know, we know by now that all the employees years are trying to actually hold on to as many employees as they can. And I think this will probably be one of the bigger challenge is not just where L V m haste before retailers globally. Into the second half of the year. So second quarter sales growth of 65% in mainland China. The question really sees is that sustainable Right. Well, that's a huge number, obviously, And I think you know, on a year on year basis for that continue into the second half of the year. I think that will be too optimistic. Given that what has been baked into this 65%. We have to actually affect the pent up demand. That came in because in the front three months off, 2020 shoppers were not able to actually head out to do the normal shopping because of the lock down that we've seen on mainland China. So that had actually contributed to the 65% and not standing off cost as dubbed, You know, Normal activity piece resume. You do actually see that initial searched and that demon coming through I do expect be killed sales in China over July and August to hold up better for pure reasons that you know it's just a summer holidays, and I think you know the school being out and shop being now made to actually stay at home, given the travel restrictions That is essentially stopping them from going overseas. You'll actually see that momentous, um, continuing, but unlikely that this bill, you know, hit in the North Woods off 65% on the sea. Thank you very

China Lvmh Catherine Lvmh Epidemic Vito Catherine Lynn Anna North Woods
How Long Does It Stay on Surfaces? How Long Can We Rely On Amazon Delivery?

Coronavirus Daily Briefing

15:59 min | 2 years ago

How Long Does It Stay on Surfaces? How Long Can We Rely On Amazon Delivery?

"From the weekend. Our young ace symptomatic cases the key to spreading the virus. Should we rethink the conventional wisdom around facemasks? How long can the virus stay on surfaces? And how long can we rely on Amazon delivery? As of last night known cases of Corona virus in the United States exceeded thirty five hundred spread across forty nine states prompting the mass cancellation of and the reordering of American public life the CDC is recommending halting gatherings of fifty people or more throughout the US for the next eight weeks if implemented fully that means all sporting events all concerts all conferences. All parades all weddings. Almost everything done for eight weeks. Bars and restaurants are closed in New York City beginning tomorrow. Tuesday at nine. Am takeout and delivery orders? Only New York City schools have closed. Ohio has suggested schools might remain closed in that state for the remainder of the academic year but Ohio Massachusetts and Illinois have gone the France route as well. All bars and restaurants are shutting down statewide quote. Delay means more people will die Ohio governor. Mike DeWine said these states are the first states to take the steps toward Italy toward a complete shutdown of public activities except for food medicine and other essentials it is unlikely they will be the last the CEO of universal music group Lucian Grange. Perhaps the most powerful man in the music business has been hospitalized after testing positive for Cova nineteen apple CEO. Tim Cook and Apple Services. Chief Ed Eq- attended granges sixtieth birthday party. Two weeks ago in shocking news. But I guess we can't be shocked anymore by anything as it's all probably going to close down. Mgm Is Shutting the following Las Vegas Properties beginning March Seventeenth Aria Bellagio excalibur. Look zoar Mandalay Bay. Mgm Grand Mirage New York New York Park Mgm and Videira. So that's basically the entire Vegas Strip. Other companies closing stores or reducing hours Nike Worby Parker all birds urban outfitters Apple Patagonia and Glossy Walmart is partially shutting down twenty four hour locations which will operate six. Am until eleven pm until further notice starbucks is moving to what it is calling to go only model. You can still walk up an order at the starbucks counter or via drive thru or delivery. But you can't stay and sit in the cafe or Patio Areas French luxury company. Lvmh said figuring it's cosmetics division to only produce mass quantities of Hydro Alcoholic Gel in order to give it to French health authorities. More people have now died from the corona virus outside of China than have died inside China since the disease. I emerged airline Cathay. Pacific is adding flights from US cities and London to Hong Kong because since the disease seems to be relatively under control in Hong Kong at the moment some people are seeing Hong Kong as a safe haven and are rushing to travel there a mere seven weeks ago. Hong Kong had implemented travel restrictions because of its proximity to mainland China. Italy reported three hundred sixty eight deaths in a single day yesterday. A twenty five percent increase making this the deadliest twenty four hour period thus far worse than the deadliest day in Wuhan's outbreak. Italy has reported two hundred deaths for each of the last three days. Italy only had its first. Colonel Related Death three weeks ago now. More than eighteen hundred people have died because of overloaded hospitals. The fatality rate and Lamberti is nine percent in the rest of Italy. The fatality rate is five point one percent Spanish health authorities reported two thousand New Corona virus cases in twenty four hours on Sunday bringing the total in the country of Spain to eight thousand cases with two hundred eighty eight deaths as the number of people who have died of the virus more than doubled in twenty four hours as the Spanish death. Toll was up from one hundred thirty six a day earlier. That is an increase of almost one hundred percent. Spain is clearly on. The Italian trajectory is France. Next it certainly seems to be going that way quoting the New York Times. France announced the closing of all non indispensable businesses including restaurants bars and movie theaters after a sharp uptick in corona virus cases. The number of French cases past five thousand four hundred twenty on Sunday with one hundred and twenty seven deaths on Saturday. Three hundred corona virus patients were in critical condition half of them under sixty years of age on Sunday. Francis Transportation Minister said the country would begin reducing plane train and bus services between cities and quote. I'd like to end the segment with some potentially good news from Italy Adrenal Aguzzi. A professor of neuro pathology and Switzerland just north of the troubled Italian region of Lombardy tweeted a chart this weekend that showed that even with the surge in deaths in Italy over the last few days the death rate is deviating ever so slightly from exponential growth. It's early days. But the lockdown might be beginning to work linked to the chart. I'm referencing in the show. Notes and Chen He wa. The European Bureau chief for China Daily tweeted this quote. Just read that Chinese medical team sent to Italy to fight Kovic nineteen comprises mostly experienced doctors from Sichuan Sichuan folks still remember how an Italian rescue team during the devastating. Two Thousand Eight Wenchuan earthquake saved many lives. The world needs more of US helping each other and quote. There has been a lot of justified. I think hand-wringing about the scenes of people going to bars and restaurants even to Disney world. This weekend seemingly unworried about anything that is going on. This is obviously a problem for one. Big reason potential transmission from people who might not know they already have the disease indeed. There is increasing evidence that it is young people people without symptoms that might be the key driver of the spread of Corona Virus. Even more so than we realized quoting. Cnn New Studies in several countries and a large corona virus outbreak in Massachusetts Bring into question reassuring assertions by US officials about the way the novel virus spreads it appears that a Massachusetts Corona virus cluster. With at least eighty two cases was started by people who are not yet showing symptoms and more than a half dozen studies have shown that people without symptoms are causing substantial amounts of infection several experts interviewed by CNN. Said while it's unclear. Exactly what percentage of the transmission in the outbreak is fueled by people who are obviously sick versus those who have no symptoms or very mild symptoms? It is becoming clear that transmission by people who are as symptomatic or mildly symptomatic is responsible for more transmission than previously thought and quote. Indeed scientists seem to be coming to the conclusion that this is what makes corona virus so insidious it can spread far before it even sickens both mergers and SARS tend to be only spread by symptomatic people. But if you get cova did you might have spread it to fifty other people before you even know it. Add to that what we've previously discussed about how scientists suspect that you're more contagious earlier. On in the disease in a study of twenty four passengers who had just flown from Israel seven tested positive for corona virus of which four had no symptoms and the viral load of specimens from a symptomatic patients was higher than from the three patients. Who had symptoms thus the global move toward social distancing? Stay home stay out of large crowds status small crowds. There's a link to chart in the show notes that shows the difference between two towns in Italy. The two are Bergamo and loyalty. Loyalty actually had the first cove in nineteen case reported before Bergamo reported. Its first but Loki. Shut down their town February. Twenty Third Burgum. Oh waited until almost a week later by March thirteenth lucky only had around a thousand cases of corona virus and those case numbers seem to be leveling out while Burgum oh has seen case numbers shoot up to two thousand five hundred and young people. I'm talking to you. Data from South Korea where they test everyone they can is suggesting that. Thirty percent of the carriers in that country where aged twenty to twenty nine. If that's not enough to convince you let me point you to an actual animation. It is literally just balls. Dancing around and environment randomly representing infections over time. Look at what happens to the infection curve when only a quarter of a population continues to circulate and three quarters of a population practice social distancing. The infection rate is significantly slowed and with extensive distancing with seven eighths of a population staying home. The infection curve is stopped almost in its tracks. These are powerful animations but they are only animations only simulations made to educate on a concept. The concept is however. This is joke. If you can stay home let me quote. The last paragraph from the story accompanying the simulation quote in one crucial respect. These simulations are nothing like reality. Unlike simulations cove nineteen can kill though. The fatality rate is not precisely known. It is clear that the elderly members of our community are most at risk from dying from covered. One thousand nine hundred quote if you want this to be more realistic. A scientist was quoted after seeing a preview of the story some of the DOTS should disappear and quote link to the simulation is of course in the show. Notes questions are being raised as to whether or not more of US should be wearing face masks. Even if we're not showing signs of corona virus infection authorities in China already mandate the wearing of masks in all public places whether or not people are sick or healthy quoting from ink stone since late January Chinese authorities and major cities have enforced rules on wearing face masks in public spaces including detaining. Those who tried to use public transport without a mask and quote in South Korea and Japan is also required. That mask be worn by healthy people in crowded places but in much of the rest of the world including here in the US. It's advised that only people displaying symptoms should wear masks as just mentioned the possibility that corona virus can be spread by a symptomatic. People is causing some to argue for more widespread use of masks quoting again from ink stone. A symptomatic transmission has been reported in multiple countries in which a spreader is responsible for sickening others without knowing it in January at cluster. Thirteen infections was believed to have started with a British man who contracted the virus during a trip to Singapore and spread it to others on a skiing trip in the French Alps and back home in the United Kingdom all the while showing no signs of infection himself quote researchers writing in the Lancet suggested that in light of this current national advice may need updating to deal specifically with Ron Virus quoting from the peace. If everyone puts on a mask in public spaces it would help to remove stigmatization that has hitherto discouraged masking of symptomatic patients in many places. Furthermore transmission from asymmetric infected individuals has been documented for Kobe. Nineteen and viral load is particularly high at early disease. Stage masking as a public health intervention would probably intercept the transmission link and prevent these apparently healthy infectious sources and quote. All of that said as of right now. The advice remains to only wear a mask if you are displaying symptoms helping to conserve the mask as a resource masks are in short supply and are needed for medical practitioners. Who them more than the rest of us. In order to safely treat people not get sick themselves and thus stay on the job. A new study has revealed the length of time that Kobe nineteen can remain viable on common surfaces. The study so new that it is yet to be. Peer reviewed found that Corona virus was most stable on plastic and stainless steel with viable virus being detected up to seventy two hours on those surfaces after application it can also remain viable for up to twenty four hours on cardboard and up to four hours on copper. The researchers noted that these decay timings were similar to those found with the two thousand and two two thousand. Three SARS virus suggesting that quote differences in the epidemiology of these viruses likely arise from other factors including high viral loads in the upper respiratory tract and the potential for individuals infected with cove nineteen to shed and transmit the virus while a symptom matic and quote. There are presently two hundred and seventy four surface disinfectants approved by the EPA for use against Kovic Nineteen Link to the list is in the show notes at this point with store shelves increasingly bear. I'm sure a lot of us are continuing to rely on delivery especially Amazon prime delivery to keep ourselves stocked up with everything we need so that we can shelter in place. Avoid going out to stores as much as possible and just generally socially distance well an article and vices motherboard talking about the broader strains to workers in the sorting facilities and also the people who have to deliver our stuff makes the point that maybe our delivery systems are endangered as well quote. Motherboards spoke to Amazon Logistics Labor experts. Who say it's only a matter of time? Before Amazon's prime signature two day delivery promise serious delays mistakes and widespread shortages due to increased demands from consumers also pressure on workers to meet rising production quotas restrictions on trade and the possibility of fulfillment centers being. Shut DOWN AS CORONA VIRUS SPREADS. Amazon's warehouse workers. Say they're already seeing increased workloads while fewer of their colleagues are showing up to work. According Labor organizers already Amazon's white collar workers have been asked to work from home. But that's obviously not an option for warehouse fulfillment workers and delivery drivers quote. It seems really likely that. Amazon's prime delivery system will falter Daniel flaming president of Economic Roundtable and an author of the two thousand nineteen report on Amazon's economic impact on southern California told motherboard. One day deliveries may not be made within one day if the workers who do show up to warehouses are more stress given bigger routes and are possibly less experienced incorrect deliveries will be made. The last mile segment of the delivery is very labor intensive and quote flaming ads. That were likely to see a close parallel of what happens in Amazon warehouses. During the holiday rush increase delays mistakes and bottlenecks. It would seem to me. Most likely that we'll see a drop in reliability and timeliness and quote but more than that the fear here is the same with the health system basically if too many people involved in the Amazon delivery chain are even temporarily sidelined by the disease at the same time. It's possible that even Amazon delivery could go down to say nothing of the potential disruption to the supply chain I e if even Amazon can't source enough goods to

Italy Amazon United States Ohio France China Spain New York City South Korea Scientist Starbucks MGM Hong Kong Bergamo Walmart Lvmh New York Times Ron Virus Tim Cook
"lvmh" Discussed on 710 WOR

710 WOR

02:02 min | 2 years ago

"lvmh" Discussed on 710 WOR

"I was in the lobby the officer then Cooper spoke to him for probably forty five minutes at the end forty five minutes the preservation MH said mark this is fascinating I really enjoyed talking to and I really appreciate your point of view no the subject here is how do you know company loves you about a week later this is a letter issued half of the president of LVMH tall cedar offices and everyone in the company in the letter it says we're in very very difficult business environment and there's no question that we all should have concerns there's no question we also have to plan accordingly but I must tell you in difficult times well run companies thrive I never forgot that yeah that's great right it's great they Love Me with that in mind tonight with discussing love to take a break we'll be back in a minute in fact this is mark Webber this is always in fashion I wanna talk about church more than anything else I'm a short guy I spent my entire beginning of my career in the shirt business with van Heusen I'm so proud that they're my sponsor because on top of everything else they really really know what they're doing the fashion now for men's shirts outside the pants I'm a traditionalist of always took my shirt in but I gotta tell you when I look at Jessie I look at young people around they're all wearing T. shirts out when it became the look but the more I looked at it the more I realize it's a very very casual but elegant way of saying I understand what's going on this is how I want to be comfortable wearing shirts untucked is a powerful expression however it's not so simple you just can't take any shirt out of your pants and make it look right when you cut dress shirts you make them a little longer so they stay in your pants when you bend down then using has introduced their untuk collection a collection of men's shirts designed specifically to be worn out so that when you wearing them now.

officer Cooper president mark Webber van Heusen LVMH T.
"lvmh" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 3 years ago

"lvmh" Discussed on Bloomberg Radio New York

"French can own it all that question today I've got then please his rush respond I think and now I'm going to have well the MH LVMH LVMH you for theft they can own it all not all of it but they're gonna certainly on a lot the LVMH acquisition of Tiffany is going to I think be transformational for that for Tiffany certainly I think Tiffany is a great brand LVMH is done a terrific job of of what I call good better best they've been able to expand the consumer base of all of the brands that their that they work with fake Louis Vuitton for example it's L. again its aspirational but it's also what the entry price point of luxury so I think I'll be a makes us a terrific job with these businesses and Tiffany I think that they have opportunity expanding in Asia to strengthen the business they want to build the jewelry business in the US Tiffany I think has a a great opportunity to expand globally and for albeit a for Louis Vuitton to really build its presence in the United States investing in the jewelry business I think is a good one for LVMH here more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings market breaking news twenty four hours a day business the Bloomberg business slash Nathan Hager president trump says he's restoring tariffs on steel and aluminum from Brazil and Argentina effective immediately in a tweet stream the president cues both countries of presiding over what he calls a massive devaluation of their currency is calling on the federal reserve to lower rates and loosened monetary policy has to be futures higher by six points at the moment Dow futures up seventy this deck futures higher by thirteen points the ten years down eighteen thirty seconds yield one point eight three percent to your yield one point six three percent NYMEX crude oil up two point three percent or a dollar twenty six fifty six forty two a barrel the euro at one point one zero one five against the dollar the end of one of nine point six two that's a Bloomberg business flash now here's Michael bar with warm what's going on around the world Mike basin president.

Argentina Mike basin president Nathan Hager Bloomberg LVMH Michael bar MH LVMH LVMH Brazil trump US Asia Louis Vuitton Tiffany theft eighteen thirty seconds eight three percent six three percent
"lvmh" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:36 min | 3 years ago

"lvmh" Discussed on Bloomberg Radio New York

"The move by LVMH to buy Tiffany and company good morning Andrea this acquisition is valued at more than sixteen billion dollars quite a bit higher and then the first offer LVMH put to Tiffany so the question is is the price right now well the the original offer at one twenty show was always a bit too skinny to win the steel the how to increase proposal last week two one five see a push and now they've gone to one three five six it is sweetened distillates abates gets over the line it's interesting that it's still below the record high in July two thousand eighteen of just under a hundred and forty dollars per share so you know LVMH is paying but it's got a recommendation it's got a good way eyes furtively shareholders they getting out pretty close to the high at the time when the outlook is worsening do you think Tiffany should hold out for that hi not all I think if LVMH walked away we haven't seen accountable to come in then I think it would really struggled to get the shadow even the lower level of shows with what ninety eight point five five dollars before being bad news break the news of the deal that hasn't been going terribly well for Tiffany plus you've got the worry of you know will the U. S. slow down up next year so I think I think they see you know at this price there is a pretty good deal for both sides about even the just below the record high L. obviously LVMH is going to be paying a pretty big premium here to try to turn Tiffany around what are the challenges for LVMH as of this deal goes forward I'm the challenge is really got to reinvigorate the Tiffany brown Tiffany has been doing all the right things it's been trying to elevates products it's been trying to make them appeal to younger shoppers but it just hasn't really paid off yet so LVMH will be able to tie up a charge that does it will be able to take Tiffany markets it will be able to pay its marketing clout behind it most importantly it will be able to increase Tiffany south in Asia to those Chinese millennial customers which a driving most of the growth in the luxury industry that could be a tall task though couldn't it when we have signs around the world that the economy overall is slowing down I mean luxury tends to be the first thing to go to the way side are not like this that's true but the luxury luxury has actually been quite resilient and in in whatever is going on and all at the moment it's all about healing to those younger customers it's all about newness and excitement good she has a remarkable revival if LVMH come work its magic on different a create halo around the brand make it exciting then it's got a good challenge even in this market and we see what he's done with do your ito pull the the shares it didn't already do your few years ago and is really a revised that Brian and DO is absolutely right hall right now so it still has a good chance you know it will be tough no one's saying this is going to be easy but if anyone can do it like I do sing LVMH can but does the size of a company like Tiffany pose more challenges for LVMH despite its track record of turning smaller luxury brands around definitely it's a much bigger company it's going a much broader customer base in say Beaune gari which it which is a quite a few years ago said it will need a lot more what and it will need a lot of investment up front to really reinvigorate that brand and get those new jewelery range is really what case so it will be a lot of up front investment on it will be hard work Bloomberg opinion columnist candor fell stead thanks for being with us from our London bureau this morning and you can read more from Bloomberg opinion including entries latest column it's called Tiffany is worth the sixteen billion dollar extravagance just got a Bloomberg dot com slash opinion or P. I. N. go on the Bloomberg terminal right anything thank you it is five fifty three on Wall Street time for the Bloomberg long report let's get to the legal stories were watching this morning from Bloomberg's Jeff Ballenger.

LVMH Tiffany Andrea sixteen billion dollars sixteen billion dollar five five dollars forty dollars
"lvmh" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:07 min | 3 years ago

"lvmh" Discussed on Bloomberg Radio New York

"Learned LVMH the French owner of luxury brand a Louis Vuitton is exploring an acquisition of U. S. jeweler Tiffany and company that would be the biggest purchased by LVMH LVMH is said to have approached Tiffany with the takeover proposal earlier this month Tiffany is currently evaluating the bid and there's no guarantee an agreement will be reached according to the source Tiffany is valued at about twelve billion dollars a group of prominent economists from the US and China have called for the world's two largest economies to abandon their trade war and agree to a new path forward in a joint statement issued in China today thirty seven economists including Joseph Stiglitz Michael Spence and three other Nobel winners criticized the state of current US China trade negotiations wallstreet setting to Saudi Arabia for deals shrugging off risk more from Bloomberg Charlie Pellett the elites of global finance are descending on Riyadh the timing of the three day future investment initiative an annual jamboree that showcases the kingdom's ambitions is crucial for Saudi Arabia it'll be the most visible display that it is business as usual after Wall Street boycotted the twenty eighteen event following the murder of government critics Jamal Khashoggi Charlie Pellett Bloomberg radio global news twenty four hours a day on air and it took took on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this is Bloomberg welcome to Bloomberg opinion on Bloomberg radio bring you news comments and insights from Bloomberg opinions worldwide team of editors and columnists I'm your host Jim Brosseau this week more on we works bailout and what led to the company's downfall also on the show we'll look at how the world economy may be stumbling toward a disaster plus is a global settlement to the opioid litigation in the offing but first climate change is a global issue but even people who say they believe in climate change may be in denial and may do no more to take action than those who doubt the scientific predictions here tell us more is faith lamb a Bloomberg opinion column this some scientists think that being in denial might actually be in our DNA that is something I learned talking to researchers about what they thought distinguished him from other animals and one of them said that you thought that the penalty for denial was uniquely human because we alone are aware of the fact that we're gonna die and we don't think about it having to live like it's not gonna happen I don't even like to talk about in this conversation Faye the same thing goes for a final destruction and fears about the world not being such a nice place in the future so tell us about that controversial essay what if we stop pretending people really blasted on Twitter and in subsequent article this was a piece in The New Yorker by the fiction author Michael Brandon about humanities reaction.