Luxury goods group lvmh completed a us$15.8 billion purchase of iconic global jeweller tiffany & co after ceo bernard arnault walked away from the original deal For $15.8 billion in january 2021, and since then, alexandre arnault, son of billionaire and lvmh ceo bernard arnault, has revamped the brand. Earlier this month lvmh informally increased its offer to close to $130 a share, prompting tiffany to open its books.
The french luxury group lvmh, controlled by billionaire bernard arnault, has scooped up the heritage american jeweler tiffany & co The company also acquired jeweler tiffany & co For $16.2 billion, making it the biggest luxury.
