With the brute strength of the French giant on the one hand and the high growth potential of the American jeweler on the other, LVMH's acquisition of Tiffany & Co. looks set to be a positive move for all concerned.
Luxury giant LVMH and American jeweller Tiffany have confirmed that they've “entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash," valuing Tiffany at €14.7bn/$16.2n.
Carl von Clausewitz was famed for his adage that war is the continuation of politics by other means. This week at Paris Photo and in multiple photo exhibitions, photography is the continuation of politics by other means.
The creative director of Louis Vuitton’s womenswear has distanced himself on Instagram from the US president, after the latter inaugurated with Bernard Arnault a factory operated by the French luxury label in Texas.
President Donald Trump attended the opening of a new production site in Texas for the posh handbag maker Louis Vuitton on Thursday, drawing the French luxury powerhouse into the US leader's job-creation pitch.
President Donald Trump will this week visit a new Louis Vuitton facility in Texas, which is being bolstered by local government financing, underlining his close relationship with Bernard Arnault, Europe’s richest man.