Preliminary discussions to buy United States jeweller Tiffany & Co have been held by the French luxury conglomerate LVMH, it confirmed recently. “There can be no assurance that these discussions will result in any agreement”, LVMH said in a statement… Read More ›
A recent report from the equality charity the Fawcett Society claims that efforts to close down the gender pay gap have been “dismally slow”. The charity said that it would take 60 years to eradicate the gap at the current… Read More ›
Gloomy forecast of the global economy has resulted in a drop in global oil prices which have dragged down the profits of BP for the latest quarter. Underlying profits for the last three months of $2.3bn was reported by the… Read More ›
A “code of practice on disinformation” of the European Union – which is a voluntary agreement that details he measures to fight fake news on online platforms, was signed a year ago by Facebook, Google, Microsoft and Twitter. However the… Read More ›
During the last couple of years, its sales as well as its profits have touched their all time high. According to two sources with knowledge of the matter at hand, Thailand’s Siam Cement Pcl’s packaging subsidiary is planning on floating… Read More ›
The potential deal values Tiffany at about $120 per share as against its Friday’s closing price of $98.55. According to sources familiar with the matter at hand, LVMH, the owner of Louis Vuitton, has offered to acquire Tiffany & Co,… Read More ›
The deal has at least $120 million in cost synergy. In a statement, Warehouse giant Prologis Inc said, it has agreed to acquire Liberty Property Trust, a rival industrial real-estate business , for $12.6 billion. The deal is aimed at… Read More ›
Louis Girodolle has his job cut out given the challenging market environments as well as the need to retain clients in the wake of Matthieu Pigasse’s resignation as the bank’s CEO and chairman. In a statement 171-year-old bank Lazard said,… Read More ›
According to China trade experts, the completion of the Phase One deal is likely to provide little incentive for Beijing to negotiate any further, given the approaching U.S. presidential election in 2020. According to U.S. Trade Representative’s office and China’s… Read More ›
While this will come into effect during future negotiations, it is to be seen how this will impact its agricultural sector. On Friday, in a statement South Korea’s finance minister stated, given its enhanced economic status, it is ready to… Read More ›
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