LVMH Completes Its $15.8 Billion Acquisition of Tiffany & Co.
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LVMH
CONFIRMED90% CONFIDENCELVMH'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.'[1]
LVMH finalized its purchase of Tiffany & Co. at $131.50 a share in cash, a total of $15.8 billion, and immediately named Anthony Ledru as Tiffany's CEO and Alexandre Arnault as its product and communications chief.
$15.8B
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