Jewellery

LVMH acquires Tiffany & CO

The American jewelry brand becomes the property of the French group
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The murmur had been around for a few weeks: LVMH wants to acquire Tiffany & co. Luxury science fiction, but, as we know, everything is possible when it comes to the luxury giant.
Today comes the confirmation: for the astronomical figure of 16.2 billion dollars, 135 per action, Arnault has acquired the jewelery brand made unforgettable by Audrey Hepburn in "Breakfast at Tiffany's".
"We are pleased to have had the opportunity to welcome Tiffany, a company with an unparalleled heritage and a unique position in the global jewelery world, for the LVMH family. We have immense respect and admiration for Tiffany and intend to develop this jewel with the same dedication and commitment we have applied to each of our Maison's brands. We are proud to have Tiffany alongside our iconic brands, ensuring that Tiffany will continue to prosper for centuries to come ". stated Arnault.
Tiffany & co. joins Bvlgari and Chaumet in the LVMH stable.

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