Selected Reads

Smartkarma

Equity Bottom-Up

<p><em>Bernard Arnault built a €210bn luxury empire through an unflinching acquisition strategy that earned him the “wolf in cashmere” moniker. Tiffany, famous for its robin-egg blue boxes and diamond engagement rings, was meant to be the jewel atop his LVMH luxury group. The takeover would have been the largest-ever in the luxury sector, until the pandemic hit. The FT’s Leila Abboud, Arash Massoudi and James Fontanella-Khan unwind the saga of how the $16.6bn deal has hit rocky ground and how the</em>…</p>

Morningstar

Morningstar, Inc.

We are keeping our $90 per share fair value estimate for wide-moat Tiffany as the company reported first-quarter results below our annual expectations. We believe the shares are fairly valued
Worldwide sales on a constant exchange rate basis were flat in the first quarter, driven by retail footprint expansion, with comparable sales down 2% (versus 4% growth we expect for the year and low-single-digit management guidance). The first quarter was negatively impacted by lower tourist flows and…

United States

Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations.   The Company operates retail stores in the Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates, and also engages in direct selling through Internet, catalog and business gift operations.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00