|Bid||0.00 x 3000|
|Ask||0.00 x 900|
|Day's range||131.44 - 131.48|
|52-week range||103.89 - 134.42|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||55.66|
|Earnings date||18 Mar 2021 - 22 Mar 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||126.82|
The long-running saga of Tiffany's (NYSE: TIF) acquisition by LVMH Moet Hennessy-Louis Vuitton (OTC: LVMUY) is finally over as the luxury design house announced today it has finally completed the deal for the high-end jeweler. Anthony Ledru, a Louis Vuitton senior executive, is CEO at Tiffany, effective today. Michael Burke, current CEO and chairman at LYMH, will become chairman of Tiffany.
Luxury goods giant LVMH has completed a purchase of Tiffany & Co, and announced new appointments at the US jeweller. Bernard Arnault, chairman of LVMH, today said Tiffany, which is known for its engagement rings, is an “iconic brand”. Arnault added: “We are optimistic about Tiffany’s ability to accelerate its growth, innovate and remain at the forefront of our discerning customers’ most cherished life achievements and memories.”
Tiffany's (TIF) strong sales in Mainland China and sturdy e-commerce business help post record holiday sales.