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Well, it was fun while it lasted.
For a few weeks now, the market has been buzzing about the "inevitable" acquisition of luxury brand Tiffany & Co. by Bernard Arnault's luxury juggernaut LVMH Moet Hennessy Louis Vuitton SE.
To hear the media talk about it, it was a done deal – a dead certainty. Nothing could stop it. The $16.2 billion deal would have been the biggest acquisition in the high-flying luxury sector's history.
Of course I say "would have," because it all just fell apart. The sound of corporate wedding bells has been replaced by the shouts of corporate lawyers.
But if you make this easy move, you'll hear the sweet sound of a ringing cash register… Full Story