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Buyout Looming For American Eagle

Filed under: Business Blitz

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American Eagle has private investors salivating at the mouth after share prices have dropped over the past year.

Now analysts are saying a buyout could be in their future, which isn't necessarily a bad thing.

Brian Sozzi of Wall Street Strategies Inc. explains:

"Now would be the time to strike on this…With some fresh eyes in there, I think it would make sense…They continue to be viewed as the laggard in the industry. You can’t drive consistent sales and earnings by just selling pairs of denim."

After closing 50-100 stores, we believe it!

American Eagle wouldn't comment on the rumor, so until then all we can do is speculate.

[Image via AP Images.]

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LVMH Takes Over Bulgari

Filed under: Business BlitzLVMHBulgariHermes

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And another one bites the dust.

LVMH Moët Hennessy Louis Vuitton may not be able to get their hands on Hermes, but that's not the case for Bulgari.

The luxury group announced on Monday they struck a deal with the Bulgari family, who gave up 51% of their controlling stake of the jewelry company for 16.5 million shares of LVMH.

Wow.

And as if that wasn't enough, Bulgari earned themselves two seats on the LVMH board.

Not a bad deal if you ask us.

[Image via AP Images.]

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