Luxury

Breakfast with Tiffany’s: LVMH Makes Deal for $16.2 Billion

Posted: November 25, 2019 at 7:42 am

LVMH Moët Hennessy Louis Vuitton SE sweetened its late October $14.5 billion all-cash offer by nearly 12% and made Tiffany & Co. (NYSE: TIF) an offer it couldn't refuse. The ...
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Tiffany Gets a $14.5 Billion Bid; Are Others Out There?

Posted: October 28, 2019 at 10:05 am

Luxury retailer Tiffany & Co. (NYSE: TIF) on Monday confirmed that it has received an unsolicited bid from Paris-based LVMH Moët Hennessey Louis Vuitton to acquire the renowned U.S. jeweler ...
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Why Investing in Cruise Lines Finally May Be Safe Again

Posted: October 17, 2019 at 1:11 pm

Anytime the fears of a recession or economic slowdown come into play, leisure and travel stocks tend to get hit hard. The higher-ticket travel oufits, such as cruise lines, tend ...
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Tiffany Shines Despite Hong Kong Unrest

Posted: August 28, 2019 at 8:55 am

Tiffany & Co. (NYSE: TIF) released its fiscal second-quarter financial results before the markets opened on Wednesday. The jewelry retailer said that it had $1.12 in earnings per share (EPS) ...
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China Trade War Fallout Puts Dark Clouds Over Luxury Goods

Posted: August 5, 2019 at 12:10 pm

With an escalation in the trade war between the United States China, the impact is beginning to feel drastic all over again. We have seen these reactions before, but China ...
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Why Tiffany Earnings and Outlook May Have Been Just Good Enough

Posted: June 4, 2019 at 9:40 am

Tiffany & Co. (NYSE: TIF) reported first-quarter 2019 results before markets opened Tuesday morning. The luxury goods company posted diluted earnings per share (EPS) of $1.03 on revenues of $1 ...
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Why Mercedes-Benz Will Build Maybach SUV in Alabama

Posted: March 18, 2019 at 11:00 am

Daimler's Mercedes-Benz may be one of the best-known luxury brands on the planet. Less well-known, perhaps, is its ultra-luxury brand, Maybach. The 2018 Mercedes-Maybach sedan is available in two models, ...
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Mercedes-Benz Shows Off Limited Edition AMG GT R Roadster

Posted: March 4, 2019 at 7:20 am

Top speed of 197 miles per hour; zero to 60 mph in 3.5 seconds; 577 horsepower from a twin-turbo V-8 engine. That must be the Mercedes-Benz AMG GT R coupe. ...
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Michael Kors Closes Versace Deal, Changes Name to Capri

Posted: December 31, 2018 at 9:40 am

Luxury brand Michael Kors Holdings Ltd. (NYSE: KORS) announced Monday morning that it has closed its acquisition of fashion brand Versace and will change its name to Capri Holdings effective ...
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How Does Faltering Luxury Retailer Neiman Marcus Survive?

Posted: November 29, 2018 at 12:50 pm

Luxury retailer Neiman Marcus and a group of its lenders and bondholders failed to reach an agreement to extend the firm's $4.7 billion in debt maturing in 2020 and 2021. ...
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What Tiffany’s Results Say About the Luxury Market

Posted: November 28, 2018 at 3:10 pm
Last updated: November 29, 2018 6:33 am

Today may not be the best time to talk about luxury retail, but if not now, when? After all, Tiffany & Co. (NYSE: TIF) shares tumbled more than 12% Wednesday ...
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Powerball & Mega Millions Lotteries Hit $2.2 Billion: 12 Things You Should Never Do If You Win Either Lottery

Posted: October 22, 2018 at 10:50 am

It is no secret that winning the lottery has become the new version of the American Dream. While the odds of winning are lower than the odds of being struck ...
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With $1.6 Billion Up for Grabs, 12 Things Not to Do If You Ever Win the Lottery

Posted: October 20, 2018 at 9:15 am

There soon will be some new rather filthy rich people in America. There have been no Mega Millions jackpot winners since July 24, so the jackpot will be at least $1.6 ...
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As Mega Millions & Powerball Lotteries Hit $1 Billion, 12 Serious Things Not to Do If You Win

Posted: October 16, 2018 at 7:10 am

Winning the lottery has become the new version of the American Dream. While the odds of winning are astronomical, it's easy to see what is drawing so many people each ...
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With $750 Million Up for Grabs, 12 Things Not to Do If You Ever Win the Lottery

Posted: October 9, 2018 at 12:35 pm
Last updated: October 16, 2018 7:03 am

There soon will be some new rather filthy rich people in America. The two major lotteries have combined jackpots worth more than $750 million! Tuesday night's Mega Millions lottery drawing ...
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