Pursuits
Burberry to Tiffany Seen Attracting LVMH: Real M&A
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LVMH Moet Hennessy Louis Vuitton SA is poised to pursue a takeover as revenue growth, led by sales of its eponymous handbags, slows the most in four years.
The $87 billion company could go after Burberry Group Plc, the U.K.’s biggest luxury-goods producer, as a way to increase revenue while it works on repositioning the Louis Vuitton brand, Berenberg Bank said. After LVMH purchased Italian jewelry maker Bulgari SpA in 2011, it also could pursue Tiffany & Co., the New York-based jeweler with a market capitalization of $8.1 billion, according to Cantor Fitzgerald LP.