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Tiffany vs. Tiffany

27 August 2020 By John Foley

There’s little doubt the jeweler is no longer worth the $16 bln LVMH agreed to pay last year. Yet Tiffany’s board is duty bound to push for the highest price. That’s good for investors, but not for Tiffany itself. To earn a decent return, LVMH may have to trash an American icon.

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