The World Is Not Enough doesn’t just apply to James Bond… It could likewise work for Bernard Arnault, the CEO of the world’s biggest extravagance gathering: LVMH. Effectively the proprietor of probably the most lofty style, cowhide products, inns, grape plantations, fragrances, retail chains and watch/adornments brands, the French gathering has quite recently declared another name in its gigantic (no doubt) portfolio this morning… LVMH is going to secure Tiffany & Co., the main U.S. adornments brand.
Tiffany & Co. is one of the world’s driving gems brands. Established in New York City by Charles Lewis Tiffany in 1837, the brand has since become “synonymous with tastefulness, inventive plan, fine craftsmanship and innovative excellence”. Today, with in excess of 14,000 workers, Tiffany & Co. and its auxiliaries configuration, production and market gems, watches and extravagance frill – including in excess of 5,000 gifted craftsmans who cut precious stones and specialty adornments in the company’s workshops. The company works in excess of 300 retail locations worldwide as a feature of its omnichannel approach.
While gossipy tidbits had been circling for months, LVMH today formally declared agreeing to get Tiffany & Co. for USD 135 for every offer in real money, in an exchange with a value estimation of around EUR 14.7 billion or USD 16.2 billion. Tiffany & Co. will join the other adornments brands of LVMH in the Watches and Jewelry division, comprising Bvlgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred and Hublot.
And an inquiry for collectors… Will we be seeing some twofold marked Tiffany x Patek Philippe looks for deal in the American jeweller’s stores? Not sure!
More subtleties in LVMH official public statement here .