Report Calls Tiffany Takeover Target

In the wake of LVMH’s acquisition of Bulgari, analysts
believe that Tiffany could be a possible takeover target, according to a Reuters
report
.

One financial adviser told the news agency French luxury
conglomerate PPR “looked seriously at Tiffany in the past and could consider
buying it again.”

However, a senior manager from Richemont told Reuters
Tiffany was “too down-market” for its luxury group, which owns Cartier and Van
Cleef & Arpels.

In 2007, Tiffany’s stock
rose
amid rumors that LVMH was bidding for the chain.

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