Tiffany & Co has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
Tiffany investors are hoping for a higher offer than LVMH's proposal worth $120 a share. But the deal will require a lot of polish if it is to make sense for the French company’s shareholders, analysts say.
The showrooms that took place on the sidelines of the recent Paris Fashion Week introduced a new generation of designers to buyers and the press. FashionNetwork.com takes a look at some of the stand-out brands.
The luxury label owned by LVMH has doubled its leather goods production capacity in Tuscany with a new site in Radda in Chianti. The site, in which Celine invested over €20 million, is set to double its staff by 2021.
Showing outside the traditional fashion week schedule has given an intimate touch to Alexander Wang’s collections and collaboration with Bulgari. The designer feels “liberated” and enthusiastic about fashion’s evolution.
Alexander Wang has joined forces with Bulgari on a limited-edition collection of luxury handbags.The US designer has teamed up with the Italian luxury house to put his own spin on the Bulgari ‘Serpenti Forever Bag.