- Start
- Jan 7, 202190% CONFIDENCEfrom the source
LVMH Completes Its $15.8 Billion Acquisition of Tiffany & Co.
- LVMH completed its purchase of Tiffany & Co. on 7 January 2021 at $131.50 a share in cash, a total of $15.8 billion, after a bitter 2020 legal fight had cut the original $16.2 billion offer by $425 million[1][2]
- Tiffany becomes the 76th Maison in LVMH's Watches & Jewelry division[1]
- Anthony Ledru, previously of Louis Vuitton and once Tiffany's own North America sales chief, becomes Tiffany's CEO effective immediately[1]
- Alexandre Arnault, formerly CEO of LVMH's RIMOWA, becomes Tiffany's product and communications chief; Louis Vuitton's Michael Burke becomes Tiffany's board chairman[1]
- Tiffany's outgoing CEO Alessandro Bogliolo stayed on through 22 January 2021 to hand over the business[1]
References 390% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%sec.gov/Archives/edgar/data/98246/000119312521004213/d301758dex991.htmsec.gov· Posted Sep 25, 2026· Starts Jan 7, 2021 ✓· 100% of score
LVMH's press release, filed as Exhibit 99.1 to Tiffany's 8-K, is datelined 'Paris and New York, January 7th, 2021' and says LVMH 'announced today that it has completed the acquisition of Tiffany & Co.'
- [2]83%LVMH Finalizes Acquisition Of Tiffany & Co. For $15.8 Billionablogtowatch.com· Published Jan 8, 2021· 0% of score
States the final price was 'set in late October 2020 at $131.50 per share in cash', which 'leads to a total acquisition price of $15.8 billion', down from the original $16.2 billion offer.[1]
- [3]95%Tiffany & Co. Form 8-K – Completion of Acquisition or Disposition of Assetssec.gov· Published Jan 7, 2021· 0% of score
Tiffany's own 8-K states each share 'was converted into the right to receive $131.50 in cash... (the "Per Share Merger Consideration")' at the Merger's Effective Time.[1]
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