The U.S. gem Tiffany moves under the LVMH flag

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12 December 2019 à 15h31

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3 minutes

Publication: 12 December 2019 à 15h31

Reading time: 3 minutes

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Publication

12 December 2019 à 15h31

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3 minutes

Publication: 12 December 2019 à 15h31

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In late November 2019, the world’s biggest luxury retailer LVMH (sales of €46.8 billion in 2018 for a net margin of €6.4 billion at 14% of sales) secured a massive deal to purchase diamond specialist Tiffany & Co., taking over a global reputation and retail institution. This is the biggest acquisition ever for the Bernard Arnault’s Group, surpassing Dior Couture in 2017. In the fiscal year to July 2019, Tiffany posted sales of €3.95 billion (including 45% from Asia). Sales grew by 6.5 %...

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