Which jewelry company did LVMH acquire in 2021 for approximately $15.8 billion?

LVMH acquired Tiffany & Co. in 2021 for approximately $15.8 billion.

LVMH first agreed to buy the American jeweler in 2019 at $135 per share, valuing the transaction at about $16.2 billion. The parties later renegotiated the price to $131.50 per share, and the deal closed in January 2021. It became LVMH’s largest luxury-goods acquisition.

Founded in New York in 1837, Tiffany became internationally known for fine jewelry, diamonds, silverware, and its distinctive robin’s-egg-blue packaging. The company’s flagship store on Fifth Avenue in New York is one of the best-known locations in luxury retail.

The acquisition added Tiffany to LVMH’s Watches and Jewelry division, alongside brands including Bulgari, Chaumet, and TAG Heuer. Tiffany remained a recognizable brand rather than being renamed LVMH Jewelry.