Flash Report 3 minutesRegister for Free AccessLuxury Giant LVMH To Buy Tiffany for $16.2 Billion Coresight Research November 26, 2019 Executive SummaryOn November 25, French luxury conglomerate LVMH announced that it will buy Tiffany & Co, an American luxury jewelry retailer, for $135 per share for a total value of $16.2 billion. This acquisition further expands LVMH’s global presence in the fine jewelry market. The deal is the biggest ever for LVMH and is expected to close in the middle of 2020. The deal comes as global demand for jewelry is resurging. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: CES 2023 ShowStoppers: Spotlight on Healthcare TechInnovator Profile: Guac Uses AI To Predict Grocery Sales and Reduce Food WasteEconomic Sentiment Converges as Pessimism Eases: US Consumer Survey InsightsEarnings Insights 3Q24, Week 3: Ralph Lauren, Qurate, Wayfair and Others Provide Holiday 2024 Updates Alongside Earnings
