Both companies confirmed
talks of a deal in October. The French luxury group will pay
$135 per share for the famous
Manhattan jeweler. Despite its global brand,
the 182-year-old jeweler has
been experiencing poor sales. LVMH previously acquired
Rihanna’s Fenty and Fenty
Beauty lines as it gains
success among millennials. The deal is expected to
close in mid-2020.
talks of a deal in October. The French luxury group will pay
$135 per share for the famous
Manhattan jeweler. Despite its global brand,
the 182-year-old jeweler has
been experiencing poor sales. LVMH previously acquired
Rihanna’s Fenty and Fenty
Beauty lines as it gains
success among millennials. The deal is expected to
close in mid-2020.
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