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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. Consumers prefer ‘new signs of success’ over traditional shows of status: report
  2. Luxury Unfiltered: Brand stories are the secret to creating desirability
  3. LVMH revenues dip 2pc in Q1
  4. Balmain slots in new CEO
  5. Cartier pushes 2024 Women’s Initiative Fellows list live
  6. Partnership with Vinitaly brings oenology to Orient Express
  7. Latest Tiffany & Co. exhibition makes Tokyo debut
  8. Dolce & Gabbana exhibition coming to Milan's Palazzo Reale
  9. Africa's millionaire population to jump 65pc by 2033: Henley & Partners
  10. Luxury Unfiltered: The mistake the luxury industry is making with AI
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