French Company, LVMH Purchases Tiffany & Co.
- 4 years ago
Both companies confirmed
talks of a deal in October. The French luxury group will pay
$135 per share for the famous
Manhattan jeweler. Despite its global brand,
the 182-year-old jeweler has
been experiencing poor sales. LVMH previously acquired
Rihanna’s Fenty and Fenty
Beauty lines as it gains
success among millennials. The deal is expected to
close in mid-2020.
talks of a deal in October. The French luxury group will pay
$135 per share for the famous
Manhattan jeweler. Despite its global brand,
the 182-year-old jeweler has
been experiencing poor sales. LVMH previously acquired
Rihanna’s Fenty and Fenty
Beauty lines as it gains
success among millennials. The deal is expected to
close in mid-2020.