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Jewelry

LVMH’s revised deal for Tiffany & Co. may hint at luxury recovery

October 30, 2020

Closed Tiffany store in China because of the coronavirus (Covid-19). Image credit: Shutterstock After months of negotiations, LVMH has revised its deal to buy Tiffany for $15.8 billion. Image credit: Shutterstock

 

By Ellen Kelleher

French luxury conglomerate LVMH’s updated deal to buy Tiffany & Co. at the reduced price of $15.8 billion is being met with enthusiasm as industry experts say it suggests CEO Bernard Arnault is seeing tepid signs of recovery in the wider luxury market.

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