French luxury giant LVMH said on Monday it was in preliminary talks to take over US jewellers Tiffany but there was "no certainty" that they would be successful.

A source close to the talks told AFP at the weekend that LVMH had made a $14.5 billion bid for Tiffany at the start of October, but that the iconic US company had yet to respond to the offer.

Tiffany's stock market value stood at $11.9 billion at the close of Wall Street trading on Friday.

"Following recent market rumours, the LVMH group confirms having started preliminary discussions about a possible operation with Tiffany," LVMH said in its statement Monday.

The purchase of Tiffany by LVMH would be one of the largest acquisitions by the French group, which is a world leader in luxury, present in fashion to wine, perfumes and cosmetics.

LVMH's share price was mildly higher following the announcement, rising 0.3 per cent to 384.90 euros in mid-morning Paris stock trading.

But Tiffany's stock was set to surge by nearly 20 per cent, according to pre-market quotes on NASDAQ, where it is listed.

LVMH's Bulgari brand -- bought for $5.2 billion in 2011 -- competes with Cartier and Van Cleef &amp; Arpels, both owned by Swiss group Richemont.

- 'A girl's best friend' -

"They say diamonds are a girl’s best friend and Europe's richest man, and owner of Louis Vuitton Bernard Arnault, obviously feels that adding US jeweller Tiffany to his list of brands will prompt a similar uplift to LVMH's global revenues," said Michael Hewson, chief market analyst at CMC Markets UK.

"His attempt to put a $14.5bn ring on Tiffany, having already added Bulgari a couple of years ago is likely to take the fight in this sector to its closest rival Richemont, who owns Cartier, and would help LVMH in gaining better access to US markets," he said.

Hewson added, however, that Tiffany shareholders were "unlikely to accept this initial bid" and could hold out for more.

But Tiffany's profits and sales have been hit hard from the fallout in the US-China trade war and unrest in Hong Kong, he noted.

The luxury industry is jittery, not just over the trade war but also because of a broad anti-corruption campaign launched by Chinese President Xi Jinping which has put the brakes on extravagant gifts offered by businessmen and bureaucrats.

The discussions between the two companies come after LVMH owner billionaire Bernard Arnault inaugurated a Louis Vuitton factory in south Texas alongside US President Donald Trump and his daughter Ivanka.

Tiffany's flagship New York store is next to Trump Tower on 5th Avenue.

French luxury giant LVMH said on Monday it was in preliminary talks to take over US jewellers Tiffany but there was "no certainty" that they would be successful.

French luxury giant LVMH said on Monday it was in preliminary talks to take over US jewellers Tiffany but there was "no certainty" that they would be successful. A source close to the talks told AFP at the weekend that LVMH had made a $14.5 billion bid for Tiffany at the start of October, but that the iconic US company had yet to respond to the offer. Tiffany's stock market value stood at $11.9 billion at the close of Wall Street trading on Friday. "Following recent market rumours, the LVMH group confirms having started preliminary discussions about a possible operation with Tiffany," LVMH said in its statement Monday. The purchase of Tiffany by LVMH would be one of the largest acquisitions by the French group, which is a world leader in luxury, present in fashion to wine, perfumes and cosmetics. LVMH's share price was mildly higher following the announcement, rising 0.3 per cent to 384.90 euros in mid-morning Paris stock trading. But Tiffany's stock was set to surge by nearly 20 per cent, according to pre-market quotes on NASDAQ, where it is listed. LVMH's Bulgari brand -- bought for $5.2 billion in 2011 -- competes with Cartier and Van Cleef & Arpels, both owned by Swiss group Richemont. - 'A girl's best friend' - "They say diamonds are a girl’s best friend and Europe's richest man, and owner of Louis Vuitton Bernard Arnault, obviously feels that adding US jeweller Tiffany to his list of brands will prompt a similar uplift to LVMH's global revenues," said Michael Hewson, chief market analyst at CMC Markets UK. "His attempt to put a $14.5bn ring on Tiffany, having already added Bulgari a couple of years ago is likely to take the fight in this sector to its closest rival Richemont, who owns Cartier, and would help LVMH in gaining better access to US markets," he said. Hewson added, however, that Tiffany shareholders were "unlikely to accept this initial bid" and could hold out for more. But Tiffany's profits and sales have been hit hard from the fallout in the US-China trade war and unrest in Hong Kong, he noted. The luxury industry is jittery, not just over the trade war but also because of a broad anti-corruption campaign launched by Chinese President Xi Jinping which has put the brakes on extravagant gifts offered by businessmen and bureaucrats. The discussions between the two companies come after LVMH owner billionaire Bernard Arnault inaugurated a Louis Vuitton factory in south Texas alongside US President Donald Trump and his daughter Ivanka. Tiffany's flagship New York store is next to Trump Tower on 5th Avenue.

French luxury giant LVMH in talks to take over US jewellers Tiffany

On Monday, the French multinational luxury brand LVMH&nbsp;announced a tie-up with British designer Stella McCartney whose brand is&nbsp;known for its&nbsp;animal-friendly ethics. The announcement comes after Stella ended a long term partnership with LVMH's arch-rival Kering.&nbsp;

LVMH owns various fashion labels, including Givenchy, Louis Vuitton and Christian Dior. Although they gave no financial details, it was said that Stella McCartney would have majority ownership of her label and will stay on as the creative chief.&nbsp;

Like most fashion brands these days, LVMH&nbsp;has been trying to increase its environmental credentials since young shoppers are showing a penchant for 'greener' brands which do not deal use&nbsp;animal fur.&nbsp;

Stella has been a long-time advocate of green fashion, relying on imitation leather for her handbags and participating in numerous initiatives to promote the second-hand luxury market.&nbsp; 
 
"A decisive factor was that she was the first to put sustainability and ethical issues on the front stage, very early on," LVMH's billionaire boss Bernard Arnault said of the deal in a statement.&nbsp; 
 
Stella will be advising&nbsp;LVMH's executive committee on matters of sustainability, the group added.&nbsp; 
 
LVMH's move to pair up with Stella McCartney&nbsp;also ramps up&nbsp;their&nbsp;competition with Kering. 
 
Even though Kering is a much smaller group than LVMH, they are the owners of one of the most popular luxury fashion brand- Gucci. The group, which is run by French billionaire, Francois-Henri Pinault had been steadily helping Stella build her brand for almost 17 years before she bought back her 50% stake in March, earlier this year.&nbsp; 
 
When asked about her reasons for leaving Kering, the designer did not reveal much and just said, "Having control of the company is important when your name is above the door and I think if you have that option it's rude not to."

Stella also said in a statement that she had received interest from other investors.&nbsp; 
 
"While these approaches were interesting none could match the conversation I had with Bernard Arnault and his son Antoine," McCartney told a news agency, adding that the group wanted to "accelerate the full potential of the brand." 
 
Stella McCartney was born in London and is the daughter of 'Beatles' singer Paul McCartney.&nbsp;&nbsp;

She had launched her label in partnership with the Gucci group in 2001.&nbsp;

On Monday, the French multinational luxury brand LVMH announced a tie-up with British designer Stella McCartney whose brand is known for its animal-friendly ethics.

On Monday, the French multinational luxury brand LVMH announced a tie-up with British designer Stella McCartney whose brand is known for its animal-friendly ethics. The announcement comes after Stella ended a long term partnership with LVMH's arch-rival Kering. LVMH owns various fashion labels, including Givenchy, Louis Vuitton and Christian Dior. Although they gave no financial details, it was said that Stella McCartney would have majority ownership of her label and will stay on as the creative chief. Like most fashion brands these days, LVMH has been trying to increase its environmental credentials since young shoppers are showing a penchant for 'greener' brands which do not deal use animal fur. Stella has been a long-time advocate of green fashion, relying on imitation leather for her handbags and participating in numerous initiatives to promote the second-hand luxury market. "A decisive factor was that she was the first to put sustainability and ethical issues on the front stage, very early on," LVMH's billionaire boss Bernard Arnault said of the deal in a statement. Stella will be advising LVMH's executive committee on matters of sustainability, the group added. LVMH's move to pair up with Stella McCartney also ramps up their competition with Kering. Even though Kering is a much smaller group than LVMH, they are the owners of one of the most popular luxury fashion brand- Gucci. The group, which is run by French billionaire, Francois-Henri Pinault had been steadily helping Stella build her brand for almost 17 years before she bought back her 50% stake in March, earlier this year. When asked about her reasons for leaving Kering, the designer did not reveal much and just said, "Having control of the company is important when your name is above the door and I think if you have that option it's rude not to." Stella also said in a statement that she had received interest from other investors. "While these approaches were interesting none could match the conversation I had with Bernard Arnault and his son Antoine," McCartney told a news agency, adding that the group wanted to "accelerate the full potential of the brand." Stella McCartney was born in London and is the daughter of 'Beatles' singer Paul McCartney. She had launched her label in partnership with the Gucci group in 2001.

Luxury fashion brand LVMH teams up with Stella McCartney, igniting old fashion rivalries

LVMH, owner of Moet &amp; Chandon champagne and Hennessy cognac, does not want to destabilise Pernod Ricard and has nothing to do with activist investor Elliott buying a stake in the French spirits group, its Chairman and CEO said on Tuesday.

LVMH billionaire boss Bernard Arnault, who described relations with Pernod Ricard CEO Alexandre Ricard as "friendly, made the comments at a news conference on the luxury group's annual results.

There has been media speculation that Pernod' rivals like LVMH or Diageo could have their eyes on some of the brands of Pernod Ricard which is facing pressure from Elliott to bolster its profit margins.

US activist fund Elliott said in December it had spent around 930 million euros ($1.1 billion) to build a stake of just over 2.5 per cent in the world's second-biggest spirits maker.

Elliott has called on Pernod Ricard to raise profit margins to bring them more in line with larger rival Diageo and improve governance.

LVMH, owner of Moet & Chandon champagne and Hennessy cognac, does not want to destabilise Pernod Ricard and has nothing to do with activist investor Elliott buying a stake in the French spirits group, its Chairman and CEO said on Tuesday.

LVMH, owner of Moet & Chandon champagne and Hennessy cognac, does not want to destabilise Pernod Ricard and has nothing to do with activist investor Elliott buying a stake in the French spirits group, its Chairman and CEO said on Tuesday. LVMH billionaire boss Bernard Arnault, who described relations with Pernod Ricard CEO Alexandre Ricard as "friendly, made the comments at a news conference on the luxury group's annual results. There has been media speculation that Pernod' rivals like LVMH or Diageo could have their eyes on some of the brands of Pernod Ricard which is facing pressure from Elliott to bolster its profit margins. US activist fund Elliott said in December it had spent around 930 million euros ($1.1 billion) to build a stake of just over 2.5 per cent in the world's second-biggest spirits maker. Elliott has called on Pernod Ricard to raise profit margins to bring them more in line with larger rival Diageo and improve governance.

LVMH boss Bernard Arnault says has no hand in activist Elliott targeting rival Pernod Ricard

French luxury group LVMH Moet Hennessy - Louis Vuitton, is willing to invest a mammoth US $500 million (Rs 3250 crore) in Patanjali Ayurveda.

Patanjali spokesperson SK Gupta Tijarawala conveyed the information on Twitter on Thursday, and added, &quot;Acharya Balkrishna (MD of Patanjali) has said that just as we use foreign technology for our development, we do not hesitate to use foreign funds for the benefit of our country, but we will take it on our own terms.will not give share/stake.&quot;

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फ्रांस के लक्जरी ग्रुप LVMH ने <a href="https://twitter.com/hashtag/%E0%A4%AA%E0%A4%A4%E0%A4%82%E0%A4%9C%E0%A4%B2%E0%A4%BF?src=hash&amp;ref_src=twsrc%5Etfw">#पतंजलि</a> में $500मिलियन (₹3250करोड़) निवेश करने की इच्छा जताई तो <a href="https://twitter.com/Ach_Balkrishna?ref_src=twsrc%5Etfw">@Ach_Balkrishna</a> जी ने कहा जैसे हम विदेशी तकनीक का उपयोग प्रगति के लिए करते हैं वैसे हमें राष्ट्र हित के लिए विदेशी पूंजी से परहेज़ नहीं, पर लेंगे अपनी शर्तों पर..शेयर/स्टेक नहीं देंगे <a href="https://t.co/4ae8TbyZTh">pic.twitter.com/4ae8TbyZTh</a>
&mdash; tijarawala sk (@tijarawala) <a href="https://twitter.com/tijarawala/status/951304357097619456?ref_src=twsrc%5Etfw">January 11, 2018</a></blockquote>
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In the news clipping attached in the tweet, Balakrishna is quoted as saying that the company needs &quot;Rs 5000 crore to set up plants in Nagpur, Greater Noida, Assam, Chhattisgarh, Andhra Pradesh, Telangana, Haryana and Rajasthan and for the cultivation of aromatic and herbal plants on 10,100 acres&quot;.&nbsp;

Patanjali spokesperson SK Gupta Tijarawala conveyed the information on Twitter on Thursday

French luxury group LVMH Moet Hennessy - Louis Vuitton, is willing to invest a mammoth US $500 million (Rs 3250 crore) in Patanjali Ayurveda. Patanjali spokesperson SK Gupta Tijarawala conveyed the information on Twitter on Thursday, and added, "Acharya Balkrishna (MD of Patanjali) has said that just as we use foreign technology for our development, we do not hesitate to use foreign funds for the benefit of our country, but we will take it on our own terms.will not give share/stake." फ्रांस के लक्जरी ग्रुप LVMH ने #पतंजलि में $500मिलियन (₹3250करोड़) निवेश करने की इच्छा जताई तो @Ach_Balkrishna जी ने कहा जैसे हम विदेशी तकनीक का उपयोग प्रगति के लिए करते हैं वैसे हमें राष्ट्र हित के लिए विदेशी पूंजी से परहेज़ नहीं, पर लेंगे अपनी शर्तों पर..शेयर/स्टेक नहीं देंगे pic.twitter.com/4ae8TbyZTh — tijarawala sk (@tijarawala) January 11, 2018 × In the news clipping attached in the tweet, Balakrishna is quoted as saying that the company needs "Rs 5000 crore to set up plants in Nagpur, Greater Noida, Assam, Chhattisgarh, Andhra Pradesh, Telangana, Haryana and Rajasthan and for the cultivation of aromatic and herbal plants on 10,100 acres".

French luxury group Louis Vuitton eyes Rs 3000 crore investment in Patanjali