Louis Vuitton’s Little Blue Box?
Hmmm… What do you think of this juicy little rumor. Here’s a quote from Bloomberg today:
“Tiffany & Co. rose the most since August 2005, gaining $3.14 or 8.4 percent, to $40.46. Investors speculated that LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, may make a bid to buy the second-biggest luxury jewelry maker. “
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February 26th, 2008 at 9:15 am
Wow. As the owner of a few of those little boxes, I don’t know how I’d feel about that. Given their name is already “LVMH Moet Hennessy Louis Vuitton,” where would the Tiffany go?
Seriously, Tiffany & Co. has been performing well lately. It’s planning more cautiously in the U.S., while expanding more aggressively overseas. I know in the first two months of this year, they’ve opened a store in Spain and one in Australia.
LVMH was reportedly interested in buying Clarins and Absolut but that was just a rumor. Clearly the new rumor about Tiffany indicates that LVMH has growth in mind. The only question is, if they do enter into acquisition talks what are LVMH’s plans for Tiffany?
February 26th, 2008 at 5:57 pm
LVMHTC? Good point! I’d heard about Absolut- but not Clarins… Hmmm. This should be very interesting indeed.
I do find it FASCINATING that in 1853, Charles Tiffany took control of the business turning the former stationery store into a jewelry business. The very next year, Louis Vuitton opened his first shop as a trunk maker. I just love the interesting histories of both companies…
February 26th, 2008 at 9:07 pm
The anniversary edition of “Breakfast at Tiffany’s” has a couple of Tiffany-related extras on it. Sometimes I enjoy the special features as much as the movie.