|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||418.00 - 426.85|
|52-week range||278.70 - 440.30|
|Beta (5Y monthly)||0.82|
|PE ratio (TTM)||48.59|
|Earnings date||27 Jul 2020|
|Forward dividend & yield||4.80 (1.12%)|
|Ex-dividend date||07 Jul 2020|
|1y target est||319.92|
European fashion and luxury goods giant LVMH Moet Hennessy (OTC: LVMHF), which is currently involved in a prolonged and uncertain acquisition of Tiffany & Co. (NYSE: TIF), reported its third-quarter 2020 results earlier today. A breakdown of business activity by sector indicates LVMH is actually ahead of 2019 in its Fashion & Leather Goods segment, with a 12% revenue rise year over year. LVMH's fortunes are recovering, but in the meantime, Moet Hennessy and Tiffany are busily hurling lawsuits at one another.
French luxury goods group LVMH <LVMH.PA> is set to gain EU antitrust approval for its acquisition of U.S. jeweller Tiffany <TIF.N>, people familiar with the matter said. The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal. Tiffany has alleged that LVMH has improperly tried to renegotiate the deal, which was agreed in November last year before the COVID-19 pandemic emerged and hit countries and companies worldwide.
Tiffany (TIF) and LVMH are in a legal tussle over the stalled merger agreement. Per sources, LVMH countersues Tiffany on financial mismanagement allegations.