LONDON/PARIS (Reuters) – Tiffany was codenamed “Tea” and LVMH was “Latte” in the whirlwind talks that led to the U.S. jeweller being taken over by the French luxury group for more than $16 billion, in a homage to famed film “Breakfast at Tiffany’s”. The monikers were an attempt to ensure secrecy about a deal that LVMH wanted to seal swiftly before its competitors could intervene, according to two sources involved in the talks. LVMH’s bid approach was discussed by executives at the two companies in mid October, soon before the French firm launched a big factory in Johnson …read more
Source:: Yahoo Finance
