It's official, LVMH has acquired Tiffany & Co. for $16.2 billion
Chairman and Chief Executive of LVMH Moet Hennessy Louis Vuitton SE, Bernard Arnault, attends theLVMH Innovation awards at the CEO forum during the Vivatech startups and innovation fair, in Paris on May 17, 2019. According to a statement by Arnault, LVMH will “develop this jewel with the same dedication and commitment that we have applied to each and every one of our Maisons.
Tiffany & Co. was founded in 1837 in New York by Charles Lewis Tiffany. A retailer of fine silver and other luxury goods, the brand fast became famous for its watches, clocks and jewelry. In fact, its Atlas clock was a landmark by which many New Yorkers set their watches each day in the early 20th century. The brand had a starring role in “Breakfast at Tiffany’s” and is globally renowned for its Blue Book of ultimate luxury jewels.
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France’s LVMH secures deal to buy Tiffany for $16.2 billionPARIS (AP) — French luxury giant LVMH Moet Hennessy Louis Vuitton said Monday it has reached a deal to buy U.S.-based jewelry legend Tiffany & Co for $16.2 billion. LVMH said in a statement...
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