Categories: Headlines

Shareholders Approve LVMH, Tiffany Deal

The deal between Tiffany & Co. (New York) and LVMH (Paris) has been made official, WWD reports.

Shareholders from Tiffany & Co. approved the updated agreement, which included a final purchase price of $15.8 billion and reportedly saves LVMH $420 million. (Pre-pandemic, LVMH first agreed to buy Tiffany for $16.2 billion.)

As part of the deal, Tiffany & Co. will no longer be a public company.

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

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VMSD Staff
4 years ago

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