LVMH Acquires Tiffany and Co. For $16.2 Billion

  • 📰 ELLE Magazine (US)
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

After weeks of bidding, LVMH acquired Tiffany and Co. for $16.2 billion, according to reports.

Tiffany and Co. was founded in 1837 and became famous for its robin's egg blue boxes. Audrey Hepburn also helped to put the luxury jeweler on the map, thanks to her"We are delighted to have the opportunity to welcome Tiffany, a company with an unparalleled heritage and unique position in the global jewelry world, to the LVMH family," LVMH CEO Bernaud Arnault added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Veo esto y sólo puedo pensar en...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 472. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tiffany Slips in Q3 As LVMH Waits to Take ControlThe jeweler’s underlying business remains healthy, but weakness was seen in the U.S.
Source: wwd - 🏆 24. / 68 Read more »

Champagne, LVMH, Gruyère: Here’s What Could Be Hit By U.S. Tariffs On FranceHere are all the imports from France that could become much more expensive for U.S. consumers, if the Trump administration carries through with its 100% tariffs threat: by skleb1234 skleb1234 Who needs anything from France?
Source: Forbes - 🏆 394. / 53 Read more »

Tiffany misses estimates for profit on weak demand in Americas, Hong KongLuxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH ... go bankrupt already Maybe people are realizing that Overpayering for a brand name whatever is a waste of money and do your real friends really care what you wear Fashion ... for people with no style? Trends ... for people with no imagination? Labels ... for people who like boxes? Brands ... for people who don't have their own identity? Money ... for people who don't know what's worth valuing?
Source: Reuters - 🏆 2. / 97 Read more »

Tiffany profit falls short on weak demand in Americas, Hong KongTiffany & Co, which is being bought by Louis Vuitton owner LVMH, missed market expectations for quarterly profit and sales, hit by lower spending by foreign tourists in the United States and Hong Kong Is Tiffany & Co no longer hip now that they've been bought out by old granny brand Louis Vuitton? The brand had lost its luxury status a long time ago. The quality has dropped and people notice.
Source: Reuters - 🏆 2. / 97 Read more »

Inside the Manliest Jewelry Store on EarthHere, diamond-curious dudes will find Tiffany dog tags and thick bracelets, but also Tiffany-branded barware, a Tiffany’s pool table, a Tiffany motorcycle, and even limited-edition Tiffany x Spalding basketballs
Source: TheCut - 🏆 720. / 51 Read more »

Tiffany Slips in Q3 As LVMH Waits to Take ControlThe jeweler’s underlying business remains healthy, but weakness was seen in the U.S.
Source: wwd - 🏆 24. / 68 Read more »