It’s Official: Tiffany & Co. Will Officially Become An LVMH-Owned Brand

“We are delighted to have the opportunity to welcome Tiffany, a company with an unparalleled heritage and unique position in the global jewelry world, to the LVMH family,” began Arnault. “We have an immense respect and admiration for Tiffany and intend to develop this jewel with the same dedication and commitment that we have applied to each and every one of our Maisons. We will be proud to have Tiffany sit alongside our iconic brands and look forward to ensuring that Tiffany continues to thrive for centuries to come.”

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“Tiffany has been focused on executing on our key strategic priorities to drive sustainable long-term growth,” began Alessandro Bogliolo, CEO of Tiffany. “This transaction, which occurs at a time of internal transformation for our legendary brand, will provide further support, resources and momentum for those priorities as we evolve towards becoming The Next Generation Luxury Jeweler. As part of the LVMH group, Tiffany will reach new heights, capitalizing on its remarkable internal expertise, unparalleled craftsmanship and strong cultural values.”

The acquisition of Tiffany will further LVMH’s placement in the luxury jewelry and timepiece sector, and increase its footprint within the U.S. For more information, please visit lvmh.com or click here.