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Stock Market & Financial Investment News

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February 22, 2013
07:17 EDTLVMUY, TIFLVMH sees Burberry or Tiffany as potential takeover targets, Boomberg reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) is poised to pursue a takeover as its revenue growth slows the most in four years. The $87B company could go after Burberry or Tiffany & Co. (TIF), reports Bloomberg.Reference Link
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July 24, 2014
11:50 EDTLVMUYLVMH Moet Hennessy reports 1H profit EU 2.58B vs. EU 2.71B last year
Reports 1H revenue EU 14.01B vs. EU 13.63B last year. LVMH said, "Organic revenue growth was 5% compared to the same period in 2013. The Group continued to grow in the United States and Asia. Europe demonstrated resilience despite a still challenging economic environment. With organic growth of 3%, the second quarter showed comparable regional trends to the first quarter, except in Japan, which had experienced particularly strong growth during the first quarter."
July 21, 2014
09:01 EDTTIFTiffany names Frederic Cumenal as CEO, effective April 1, 2015
09:01 EDTTIFTiffany CEO Michael Kowalski to retire, effective March 31, 2015
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