French Luxury Goods Company to Buy Out Tiffany

DUBLIN, Nov. 6, 2020 /PRNewswire/ — ResearchAndMarkets.com published a new article on the luxury goods industry “French Luxury Goods Company to Buy Out Tiffany”

LVMH, the owner of Louis Vuitton, Christian Dior, Fendi and many other luxury brands has arranged to buy New York’s famed jeweller Tiffany, made famous by the film “Breakfast at Tiffany’s.” LVMH will pay almost $16 billion for the brand.

The deal seemed to be off last month, when the French government had pushed for a delay because of proposed US tariffs, but investors pushed for the deal to go through. Tiffany has in recent years tried to counteract its waning popularity and the aging of its customer base by shifting to younger shoppers and pushing online sales. LVMH’s deep pockets could go a long way in helping that transformation along.

Both companies’ boards have approved the buyout, and the deal is expected to close early next year.

To see the full article and a list of related reports on the market, visit “French Luxury Goods Company to Buy Out Tiffany”

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SOURCE Research and Markets

https://markets.businessinsider.com/news/stocks/french-luxury-goods-company-to-buy-out-tiffany-1029776212

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