If you like it put a ring on it: LVMH buys Tiffany

In November, LVMH, a French luxury goods giant, announced it is buying American jeweler Tiffany & Co as part of a $16.2bn (£12.6bn) deal. The deal came after months of speculation and an earlier rejected offer at $120 per share. LVMH was able to tie the knot after raising its offer price to $135 per share – a shiny premium over Tiffany’s $90 share price in October.

In the classic 1961 film, Breakfast at Tiffany’s, Audrey Hepburn’s Holly Golightly muses that Tiffany’s is a place where “nothing very bad could happen to you”.  Can the same be said for LVMH after undertaking this acquisition?

Continue reading “If you like it put a ring on it: LVMH buys Tiffany”

Hong Kong Protests: Danger, Democracy, and Disillusionment in the Far East

On Sunday, 18th August,  1.7 million people gathered in Hong Kong’s second-largest pro-democracy march, defying a police ban and increasingly sinister warnings from the Chinese Central government. The demonstration, the latest in a series of protests which have gripped the island region, was initially sparked in June 2019 by a widely controversial extradition-bill which would empower local authorities to detain and extradite individuals to countries Hong Kong does not have formal agreements with, including Mainland China and Macau. Fears were ignited that these laws would undermine the autonomy of the region by placing Hong Kongers and visitors under mainland Chinese jurisdiction, where forced confessions and unfair trial procedures for political prisoners are common. Continue reading “Hong Kong Protests: Danger, Democracy, and Disillusionment in the Far East”

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