LVMH acquires Tiffany & Co

On November 25th, LVMH – Moët Hennessy Louis Vuitton – announced the acquisition of Tiffany & Co for USD16.2 billion.

The acquisition of Tiffany will strengthen LVMH’s position in jewellery and further increase its presence in the United States. The addition of Tiffany will transform LVMH’s Watches & Jewellery division and complement LVMH’s 75 Maisons.

Founded in 1837 when Charles Lewis Tiffany opened the first store in downtown Manhattan, Tiffany today is the leading luxury brand to have originated in the United States and delights discerning customers in more than 300 stores around the globe. Tiffany stood apart in the industry as an early proponent of sourcing these materials based on rigorous socially and environmentally responsible criteria. Protecting the environment and respecting human rights continue to be core business principles.

December 05, 2019