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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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  1. Gucci uplifts GG Monogram in throwback campaign
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  3. Bentley Home debuts picnic collection
  4. Louis Vuitton forges multiyear partnership with Real Madrid
  5. Dior creates ceremonial window displays from scratch, with scraps, for upcycled exhibition
  6. Patek Philippe, Rolex top annual list of highest-grossing watches at auction
  7. L'Oréal to launch #JoinTheRefillMovement campaign
  8. Porsche Design boosts in-store traffic with Linkin Park collaboration
  9. Maison Margiela takes stab at sustainable status in new content for ‘Replica’ refill debut
  10. LVMH averts luxury slowdown, revenues up 9pc in 2023
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