Deals

France’s Richest Man Bets $16 Billion on Lost Tiffany Luster

Louis Vuitton owner eyes revamp of U.S. jeweler after purchase
Bernard Arnault strikes his biggest takeover deal yet

The deal raises the French conglomerate’s profile in jewelry, as Bloomberg’s Aaron Kirchfeld reports.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Thomas Mulier and Geraldine Amiel

November 25, 2019 at 7:02 AM UTC

Updated on

November 25, 2019 at 3:16 PM UTC

France’s richest man is adding the biggest jewel yet to his collection, as Bernard Arnault clinched a deal to buy Tiffany & Co. for $16.2 billion.

If history is any guide, the LVMH chairman will move quickly to apply his tried-and-tested formula for growth to the tarnished U.S. brand: simultaneously expanding its presence across the world, especially in promising Asian markets, while boosting exclusivity and prices.