LVMH Acquires Tiffany and Co. For $16.2 Billion

After weeks of bidding, LVMH acquired Tiffany and Co. for $16.2 billion, according to reports.

Tiffany and Co. was founded in 1837 and became famous for its robin's egg blue boxes. Audrey Hepburn also helped to put the luxury jeweler on the map, thanks to her"We are delighted to have the opportunity to welcome Tiffany, a company with an unparalleled heritage and unique position in the global jewelry world, to the LVMH family," LVMH CEO Bernaud Arnault added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ELLE Magazine (US) /  🏆 472. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU approves 3.2 billion euro state aid for battery researchThe European Commission approved on Monday 3.2 billion euros ($3.53 billion) of ...
Read more »

Jeff Ross Welcomes Tiffany Haddish (& Other Black Stars) to JudaismTo all the He-bros, Jeff Ross welcomes you aboard.
Read more »

China's November trade surplus with U.S. at $24.60 billion vs $26.45 billion in OctoberChina's trade surplus with the United States for November stood at $24.60 b...
Read more »

China's November trade surplus with U.S. at $24.60 billion vs $26.45 billion in OctoberChina's trade surplus with the United States for November stood at $24.60 b...
Read more »

Streaming Guide JustWatch Acquires Video Search Engine GoWatchIt (EXCLUSIVE)Berlin-based streaming guide JustWatch has acquired media search engine GoWatchIt from Plexus Entertainment, and is using the acquisition to open up its first office in New York. Terms of the deal,…
Read more »