LVMH Buys Tiffany & Co. For $16.7 Billion USD Acquisition Largest Luxury Sector Purchase Business Deal
Stephane De Sakutin/Afp Via Getty Images
Fashion

LVMH Buys Tiffany & Co. in a $16.7 Billion USD Deal

Marking the largest acquisition ever in the luxury sector.

16,884 Hypes

LVMH Buys Tiffany & Co. in a $16.7 Billion USD Deal

Marking the largest acquisition ever in the luxury sector.

Luxury conglomerate LVMH has just purchased famous jewelry label Tiffany & Co. in the largest-ever acquisition in the luxury sector. The label famous for its iconic “Tiffany Blue” branding as well as jewelry and accessories, was bought for $16.7 billion USD, and will join the impressive lineup of brands like Louis Vuitton, Dior, Fendi and more.

“We are delighted to have the opportunity to welcome Tiffany to the LVMH family,” said CEO Bernard Arnault following the acquisition, during LVMH’s announcement across its social media platforms. Alexandre Arnault also took to Instagram to share a picture from the iconic Audrey Hepburn film Breakfast At Tiffany’s, accompanied by the caption “Proud and Excited.”

Take a look at the announcements below, and stay tuned as any more information regarding the purchase surfaces.

Read Full Article
Text By
Share this article

What to Read Next

Take a Look at the Exclusive sacai x PORTER Bag Collaboration
Fashion

Take a Look at the Exclusive sacai x PORTER Bag Collaboration

Arriving in two colors and sizes.
By
5,951 Hypes
See All the Best-Dressed Celebrities at the 2019 American Music Awards
Fashion 

See All the Best-Dressed Celebrities at the 2019 American Music Awards

From Megan Thee Stallion’s sparkling red number, to Billie Eilish’s head-to-toe Burberry look.
By
10,301 Hypes
Here's An Official Look at the Prada x adidas Collaboration
Footwear

Here's An Official Look at the Prada x adidas Collaboration

Featuring the Superstar and a Bowling Bag Set.
By
1,034,487 Hypes
Get Up Close and Personal With the Dior x RIMOWA Collection
Fashion

Get Up Close and Personal With the Dior x RIMOWA Collection

Take a peek at detail shots of the luxe range.
By
9,969 Hypes
K-Pop Singer and Actress Goo Hara Found Dead at Home in Seoul
Culture

K-Pop Singer and Actress Goo Hara Found Dead at Home in Seoul

The former Kara member passes away at age 28.
By
6,980 Hypes
Byredo's Chai Candle Is My Go-To This Holiday Season
Art & Design

Byredo's Chai Candle Is My Go-To This Holiday Season

The perfect companion to keep you warm and cozy.
By
5,237 Hypes
The Best Celebrity Style This Week: Kristen Noel Crawley, BLACKPINK's Lisa and More
Fashion 

The Best Celebrity Style This Week: Kristen Noel Crawley, BLACKPINK's Lisa and More

Get your winter outfit inspo here.
By
23,365 Hypes
PopSockets' New PopGrip Is Also an AirPods Holder
Culture

PopSockets' New PopGrip Is Also an AirPods Holder

The ultimate 2-in-1.
By
29,936 Hypes
More ▾
 
Subscribe to our Newsletter

Keep updated on the latest news.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

Already whitelisted us? Refresh page

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. “Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.