Lowes News

Spring is usually one of the busiest times of the year for home improvement stores like Lowe’s. The season creates roughly 30% of annual sales on average. Spring is to Lowe’s and Home Depot what Christmas is to Macy’s. Gardening usually pick up and customers start getting ready for home renovation projects during the warmer […]

LVMH buys Tiffany for $16.2B

French luxury group LVMH has agreed to acquire jeweler Tiffany & Co for $16.2 billion in cash. Tiffany shareholders will receive $135 in cash for every share they own. The acquisition aims to strengthen LVMH’s position in the jewelry and watches segments. The deal will also increase the luxury company’s presence in the United States. “We […]

Tiffany wants LVMH to raise takeover bid

Luxury jewelry company Tiffany & Co has asked French conglomerate LVMH to increase its takeover bid, according to sources. The French firm already tabled a $120-per-share all-cash offer, valuing Tiffany at $14.5 billion. However, sources say that the jeweler believes that the offer undervalues the chain. The board of Tiffany deemed the bid too low […]