No Longer Certain LVMH will Buy Tiffany & Co.


As you may recall, LVMH (Louis Vuitton’s parent company) agreed to purchase famed jewelry house Tiffany & Co. for $16.2million late last year.

Now we hear that the deal may be on thin ice . . . and not diamond ice.

WWD and CNBC (among others) report that LVMH shareholders met this week and expressed concern about Tiffany’s financial health in the wake of the pandemic and the protests linked to the killing by police of George Floyd in Minnesota. Tiffany’s U.S. stores were closed (and mostly remain so) due to Covid-19.

Apparently, no decision was made at the meeting despite the message from some that the acquisition should be reconsidered.

Tiffany shares dropped 9% on this news on Tuesday June 2.

Whether this is an attempt at price renegotiation, a reevaluation of the merger and/or Tiffany’s ongoing prospects, remains to be seen. We’ll keep you posted.

Photo courtesy: IG @juliecharbonneaudesign

Your Reply

Please first to submit.

Showing 0 results

HERMES Veau Jonathan Birkin 25 Gold via Fashionphile

CHANEL Caviar Chevron Quilted Mini Coco Handle Flap Beige via Fashionphile

HERMES Togo Kelly Retourne 25 Black via Fashionphile


Subscribe to stay updated with the latest handbag news