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Luxury retailer worth $16.2 billion in business deal.
November 25, 2019
By: Happi Staff
Moët Hennessy Louis Vuitton (LVMH) has acquired Tiffany & Co. for $135 per share in cash, in a transaction with an equity value of approximately $16.2 billion. LVMH stated that the acquisition will strengthen its position in jewelry and further increase its presence in the United States. However, Tiffany & Co.'s fragrance business still belongs to Coty at press time. The transaction is expected to close in the middle of 2020 and is subject to customary closing conditions, in...
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