More takeover speculation amidst retailers. This time it is with top-of-the-line companies, Tiffany and LVMH. Monday shares of Tiffany closed up 4% after topping out up 6.8% in intraday trading. Again, this is just speculation and may not ever happen, but I think that it could be a match made in heaven, here's why:
-Tiffany's is headquartered in NYC and LVMH in Paris, both two of the top cities for fashion and wealth, this could be used to increase operating efficiency in the two different markets.
-LVMH doesn't have a fine jewelery segment that I know of and Tiffany's doesn't sell clothing, wine, etc.; here is another way that they seem to match well
-Both are known for extraordinary quality and prestige.
-Finally, I just think it could reduce overhead because they could close stores, cut staff and increase shoppers efficiency by having a stop shop for luxury goods.
http://www.flickr.com/photos/irishclare/108765351/
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