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In a filing to the US Securities and Exchange Commission , Tiffany & Co. supplied updates on the regulatory approval standing of the acquisition in several international markets. An utility was submitted to Australia’s Foreign Investment Review Board on 5 March and was initially expected to be accredited by 6 April; nevertheless, FIRB had extended the original deadline for approval by six months. Bogliolo’s appointment comes seven months after former Bulgari CEO Francesco Trapani joined the Tiffany & Co. board. Trapani – a member of the Bulgari family – oversaw the sale of that business to LVMH in March 2011. Here, Jeweller explores how the most costly luxurious merger in latest history came again from the brink.
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