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More glitter than gold

5 November 2019 By Lisa Jucca, Peter Thal Larsen

To earn a positive return on its $15 bln bid in five years, Bernard Arnault’s group will have to lift the jeweller’s revenue growth and margin above its own, a Breakingviews calculator shows. That’s hard. Tiffany investors hoping for a higher offer are testing LVMH’s patience.

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