Tiffany requests higher offer from LVMH

U.S. jeweller Tiffany & Co has asked French luxury retail giant LVMH, to increase their USD$14.5 billion acquisition offer. According to a report by Reuters, Tiffany & Co have made this request, “arguing that [LVMH] significantly undervalues the U.S. jewelry chain,” continuing “Tiffany’s board decided that LVMH’s $120-per-share, all-cash bid was too low to become […]