Organized by

News

Wednesday, 27 November 2019

Tiffany goes to LVMH

Tiffany goes to LVMH

On November 25th, LVMH concluded the acquisition of Tiffany for
16.2 billion dollars (about 14.7 billion euros). A transaction from $ 135 per share in cash that will strengthen LVMH's position in jewelry, especially increasing its footprint in the United States.

Tiffany will transform LVMH's Watches & Jewelry division and complete the 75 distinguished houses of the group: the watch and jewelry division of the French company also includes Bulgari, Tag Heuer, Zenith, Fred, Hublot, Chaumet.

For Lmvh this is the largest acquisition ever made, even higher than that of the remaining portion of Dior in 2017 and more than three times the amount paid to take over Bulgari in 2011 (4.3 billion euro).

From the Tiffany tops they affirm that this acquisition will be able to provide further support, resources and momentum in the transformation process towards "The next generation luxury jeweler", as Alessandro Bogliolo, CEO of the brand, reported.

The acquisition of Tiffany allows Bernard Arnault's company to gain ground, in the precious segment, compared to its competitor Richemont, which controls, among others, Cartier and Van Cleef & Arpels.

Live #vicenzaoro


    DOWNLOAD OFFICIAL VICENZAORO APP FOR FREE

    A complete guide to make your visit smooth, always at hand. Your badge, the exhibitors list, the maps of the halls, the events program and all the useful information to get around Vicenzaoro in the best possible way.

    Subscribe here

    Consent for the purposes of privacy
    Having read the information communicated to me, I declare the following intention regarding the processing of data for independent direct marketing purposes by third-party IEG partners (purpose 4 of the privacy notice).

    SUBSCRIBE TO THE NEWSLETTER

    Subscribe to our newsletter to stay up to date on the latest news in the world of jewelry and events.
    © ITALIAN EXHIBITION GROUP SpA© All rights reserved - Via Emilia 155, 47921 Rimini - CF/PI 00139440408 - Registro Imprese: Rimini P.I e n. Reg. Imprese 00139440408 - Capitale Sociale € 52.214.897 i.v.
    Your browser is out of date!

    Update your browser to view this website correctly. Update my browser now

    ×