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Feeling blue

29 September 2020 By Jennifer Saba

LVMH’s $16 bln bid for the U.S. jeweler has descended into acrimony. If it craters, Tiffany could be worth just $10 bln based on similar companies’ valuations. For LVMH boss Bernard Arnault, the idea of buffing up Tiffany’s brand must be rapidly losing its appeal.

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