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Jan. 7, 2021, 8:51 a.m. EST

LVMH closes acquisition of iconic jewelry brand Tiffany

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By Ciara Linnane

FR:MC

LVMH Moët Hennessy Louis Vuitton SE /zigman2/quotes/201350549/delayed FR:MC +0.13% said Thursday it has completed the acquisition of the iconic jewelry store Tiffany & Co. , after the deal hit some roadblocks during the pandemic. LVMH named Anthony Ledru new chief executive of the U.S. brand. Ledru was previously executive vice president, global commercial activities at Louis Vuitton and senior vice president of North America at Tiffany. Alessandro Bogliolo, current Tiffany CEO, will remain at the company during a transition period through Jan .22. Tiffany shares were halted premarket for the news.

/zigman2/quotes/201350549/delayed
FR : France: Euronext Paris
544.50
+0.70 +0.13%
Volume: 61,637
March 4, 2021 11:17a
P/E Ratio
58.39
Dividend Yield
1.10%
Market Cap
€271.75 billion
Rev. per Employee
N/A
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