Louis Vuitton owner completes deal for jeweller Tiffany & Co

tiffany and co

The world’s biggest luxury goods company LVMH is set to buy US-based jeweller Tiffany & Co in a deal worth in excess of $16bn (£12.5bn).

A deal has been struck overnight and would give Bernard Arnault, owner of LVMH, an even bigger share of one of the fast-growing sectors in luxury fashion, the BBC reported.

Arnault said Tiffany  & Co had “unparalleled heritage” and fitted in with other brands in the wider LVMH group such as Louis Vuitton, Bulgari and Moët & Chandon.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.