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Lifestyle 5 years ago
LVMH and Tiffany end luxury battle, cut price on $16 billion takeover
France's LVMH will pay slightly less to acquire US jeweler Tiffany & Co after the two companies agreed to end a bitter dispute triggered by the COVID-19 pandemic and salvage the luxury sector's biggest-ever deal.
Lifestyle 6 years ago
Tiffany likely to play hard to get as LVMH awaits answer
After eyeing Tiffany for years, LVMH submitted an offer last month as it enjoys record cash flow and revenue while the blue box company struggles with falling sales and flattening profits, according to people familiar with the matter, who asked to not be identified because details of the discussions aren’t public.
Business 6 years ago
OCBC mulls bid for control of Bank Permata
OCBC is considering an offer for almost 90 percent of PT Bank Permata, which has a market value of about $1.9 billion, said the people, asking not to be named as the deliberations are private. Singapore’s second-largest bank is interested in the stakes held equally by Standard Chartered and PT Astra International, the people said.
