LVMH completed the acquisition of Tiffany & Co for $15.8bn.

LVMH, a French multinational luxury goods conglomerate, completed the acquisition of Tiffany, an American luxury jewelry and specialty retailer headquartered in New York City, for $15.8bn. “I am pleased to welcome Tiffany and all their talented employees in our Group. Tiffany is an iconic brand and a quintessential emblem of the global jewelry sector. We are committed to supporting Tiffany, a brand that is synonymous with love and whose Blue Box is revered around the world, with the same dedication and passion that we have applied to each of our prestigious Maisons over the years. We are optimistic about Tiffany’s ability to accelerate its growth, innovate and remain at the forefront of our discerning customers’ most cherished life achievements and memories. I would like to thank Alessandro Bogliolo and his team for their dedication to Tiffany and their work over the past three years, especially during this challenging period," Bernard Arnault, LVMH Chairman and Chief Executive Officer.