Tiffany considers the amount of $ 14.5 billion insufficient, in which it was estimated by the owner of Louis Vuitton

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The jewelry company believes that it costs at least $ 17 billion, sources say.

Tiffany & Co found that the amount of $ 14.5 billion was not enough, which was valued by the French concern LVMH, which sells luxury goods. It is reported by Reuters, citing sources.

The jewelry company has offered a potential buyer to increase the price from the current $ 120 to $ 140 per share. This will increase the deal to $ 17 billion. According to the publication, LVMH is considering a proposal. Representatives from Tiffany and LVMH did not respond to agency requests.

The fact that LVMH is negotiating the purchase of Tiffany, at the end of October 2019, sources told Bloomberg. The market capitalization of Tiffany & Co at that time was $ 11.9 billion, and now – $ 14.9 billion.

The LVMH group includes 75 brands, including Louis Vuitton, Christian Dior, Bvlgari and others. Its market capitalization is $ 204.07 billion. Tiffany was founded in 1837, it owns about 300 stores around the world.

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