Why LOUIS VUITTON is BUYING TIFFANY & Co
This is the BIGGEST DEAL EVER in luxury fashion – Louis Vuitton’s parent company and Tiffany & Co came to an agreement on Monday morning for LVHM to purchase Tiffany for over 16 BILLION dollars.
In today’s video I discuss the deal and why Louis Vuitton would be interested in Tiffany in the first place, and what it means for their business & competitive edge.
***The deal still needs to be approved by Tiffany’s investors! PLEASE NOTE: I filmed this video Sunday morning in anticipation of the deal closing and edited it Sunday night.
LVMH Size: https://www.businessoffashion.com/articles/professional/lvmh-e200-billion-second-largest-company-europe
Tiffany CEO Change: https://www.forbes.com/sites/anthonydemarco/2017/07/13/tiffany-names-alessandro-bogliolo-as-its-new-ceo/#21490bcf174d
11/25 Deal: https://www.nytimes.com/2019/11/24/business/LVMH-Tiffany-deal.html