LVMH acquired Tiffany & Co. in 2021. The French luxury conglomerate completed the purchase on January 7, 2021, bringing the American jewelry house into the group’s portfolio of major luxury brands.
The transaction followed a lengthy negotiation. LVMH first announced a planned purchase in November 2019 for about $16.2 billion, but the deal became entangled in disputes during the COVID-19 pandemic. Tiffany sued after LVMH attempted to withdraw, and both sides later agreed to a revised transaction worth about $15.8 billion.
Tiffany’s stock was delisted from the New York Stock Exchange after the acquisition, and the company continued to operate under its own name and identity. LVMH’s ownership did not turn Tiffany into Louis Vuitton; the brands remain distinct, although they share the same parent company.
LVMH stands for Moët Hennessy Louis Vuitton. Its other luxury holdings include fashion, jewelry, watches, wines, spirits, cosmetics, and retail businesses.