		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>The largest deal in luxury is back on after New York jeweller Tiffany agreed to a slightly reduced offer from Paris-based LVMH.</p>
<p>LVMH will now pay 131.50 dollars (£100) for each Tiffany share, putting the total price tag at 15.8 billion dollars (£12.02bn), down from the 16.2 billion (£12.33) that was first offered earlier this year.</p>
<p>The owner of Louis Vuitton, Christian Dior and Fendi, along with a series of wine and champagne brands, appeared to walk away from the acquisition last month after it said the French government had pushed for a delay because of the threat of proposed US tariffs.</p>
<blockquote><p>We are as convinced as ever of the formidable potential of the Tiffany brand and believe that LVMH is the right home for Tiffany.</p></blockquote>
<pre><code> Bernard Arnault
</code></pre>
<p>But the reasons for its cold feet seemed to shift, and there was pressure from investors on both sides to make a deal happen.</p>
<p>Rumours that the two luxury companies had rekindled talks began to surface in recent days.</p>
<p>“We are as convinced as ever of the formidable potential of the Tiffany brand and believe that LVMH is the right home for Tiffany,” LVMH CEO Bernard Arnault said in a statement on Thursday.</p>
<p>Tiffany, with its famed blue boxes, has in recent years attempted to regain the lustre of the “Breakfast At Tiffany’s” era as its customer base aged.</p>
<p>It has shifted its focus to younger shoppers and made a significant push online. The deep pockets of LVMH could go a long way in helping that transformation along.</p>
<p>LVMH, led by billionaire Mr Arnault, believes Tiffany will strengthen its position in high-end jewellery and in the US market.</p>
<p>LVMH is also making a bet on China’s economy, where Tiffany has been expanding.</p>
<p>The buyout has been approved by the boards of both companies and is expected to be completed early next year.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed2aa6df629">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed2aa6df629',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
