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Tiffany
Tiffany likely to be the Next Target of a Mega Deal
A lot of speculations are being generated on the acquisition & merger front after the Louis Vuitton-Bulgari deal and the successful acquisition of Bulgari by Louis Vuitton. Everyone is trying to guess which one is going to be the next major acquisition. After Bulgari becoming a part of the LVMH portfolio, Tiffany has become a logical target for PPR or Richemont. This would be another massive M&A deal if it happens.
The bankers with long experience will tell you that two big deals have never happened in a row. We are most likely to see relatively small buyouts and takeovers involving transactions of less than 500 million Euros. The luxury market is growing rapidly with the support of emerging markets. Companies attempting to expand quickly will be on the lookout for possible acquisitions if the valuations are attractive and the profile of the brand fits their long term plans.
Analysts and bankers believe that of the remaining listed luxury firms Burberry, Tiffany and Tod’s are the most attractive targets for possible acquisition. They expect the US jeweler to be the first to face a takeover bid from one of the large luxury houses. The market capitalization is estimated to be over $8 billion.
Tiffany & Co. instigate iPhone App
The Tiffany & Co. Engagement Ring Finder app for iPhones allows brides and grooms to use their iPhone, iPod Touch, or iPad to find the perfect diamond ring.
For men, the Tiffany iPhone app will show rings in their actual size, so they’re more likely to compare the on-screen rings with their partners.The “ring sizer” aims to abridge ring sizing by stealing one of her rings, placing it on the screen and waiting for the correct ring size to pop up.
For woman, the Tiffany iPhone app makes designing the perfect ring simple, all through the iPhone app.Browsing the collection according to shape, setting, metal or design is equally simple. Each style can be viewed with diamonds of six different carat sizes.
In addition, users can make an appointment for a diamond consultation via phone or e-mail.
Diamond encrusted cell phone from Tiffany for $94000
Japan based Softbank mobile and American jeweler Tiffany have created a handset that has been encrusted with over 400 diamonds (20 carats of hard carbon).
Available only in Japan, this luxury phone will be out in February at a price of $94,000 each.
$2 million offered for 13 stained glass windows
St Paul’s Episcopal Church in Paterson, New Jersey, is being offered $2 million for 13 of its stained glass windows.
The windows’ auction value was estimated to fetch between $1,260,000 and $1,930,000 by Christie’s but an independent appraiser valued them at $2,515,000, saying that $1,900,000 to $2,300,000 would be a fair price. This also includes removal, restoration and window-replacement costs.
Even though the Church is not facing a financial crisis, they have been contemplating to use this money to fund an after-school program and a community development corporation that offers programs including a food pantry and men’s shelter.
12 of the windows were created by Louis Tiffany at the Diocese of Newark church, while the other was designed by artist John La Farge.
Grieb & Benzinger Platinum Minute Repeater Watch – A unique timepiece
Super exclusive master watchmakers Grieb & Benzinger‚ has created an extra special Minute Repeater’, based on an original movement by Patek Philippe and built for the famous New York based jeweler TIFFANY’s around 1887.
Sized at 49mm, the case is totally created from platinum and has a weight of 130 grams while the movement has been hand-engraved and coated with blue platinum.
There is also a very beautiful skeletonized dial with original Breguet Frost Finish, blue steel hands and polished and flame blued screws.
Price – $2,40,000
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