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  • Writer's pictureOlivia Nguyen

LVMH to Acquire Tiffany (2021.01)

Global luxury products group LVMH Moet Hennessy Louis Vuitton has acquired global luxury jeweler Tiffany & Co at $15.8B, marking in the largest acquisition within the luxury sector. The deal has passed from a pre-epidemic offer of $135 per share at $16.2B to $131.5 per share due to concerns that the covid-19 situation has decreased the value of Tiffany & Co. LVMH has commented that the acquisition will both complement and transform its own watches and jewelry divisions.

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