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Luxury Giant LVMH To Buy Tiffany for $16.2 Billion

Coresight Research

Key Points

On 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.

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