LVMH, the world's biggest luxury group, has called off its $16-billion engagement to Tiffany. Wall Street however seems to think the U.S. jeweler will fare just fine by itself.
The jilted bride thinks so, too.
On Wednesday, after news that LVMH would not proceed with its takeover deal, Tiffany Chief Executive Alessandro Bogliolo held a call with employees, saying the executives are in wait-and-see mode. He told employees that Tiffany executives hadn't solicited LVMH's takeover. If the deal collapses, he said, Tiffany.