After weeks of bidding, LVMH acquired Tiffany and Co. for $16.2 billion, according to reports.
Tiffany and Co. was founded in 1837 and became famous for its robin's egg blue boxes. Audrey Hepburn also helped to put the luxury jeweler on the map, thanks to her"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," LVMH CEO Bernaud Arnault added.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tiffany's invited Warren Buffett to bid for the company. He turned it down | Markets InsiderWarren Buffett turned down the chance to buy Tiffany & Co. and conclude his Berkshire Hathaway conglomerate's four-year stretch without a ma...
Read more »
NHL notebook: Sabres trade Scandella, add Frolik on busy dayThe Montreal Canadiens acquired Marco Scandella from the Buffalo Sabres on Thurs...
Read more »
Exxon expects gain of $3.4 billion-$3.6 billion from Norway asset sale to boost resultsExxon Mobil Corp expects a gain of $3.4 billion to $3.6 billion from the sale of...
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »