LVMH group have finally made a deal to buy Tiffany & Co’s stock for US$135 per share which accumulate to $16,2 billion US dollar. This decision was made by LVMH and Tiffany’s chairmen on the course of last Sunday. By Monday, LVMH shares already increases by 1,4%.
For you who don’t know about LVMH, they are a giant French multinational luxury goods conglomerate headquartered in Paris. With Parent Organization being Christian Dior. They are the subsidiaries to many luxury fashion brand such as Celine, Louise Vuitton, Givenchy, etc. LVMH also known for being the subsidiaries to subject such as wines and spirits, hotels, financial paper, bicycles, retail, cosmetics and jewelry.
Owned mostly by Bernard Arnault – one of the founders, who’s now worth $106.8 billion USD and said could possibly passed Jeff Bezos as the richest man in the world.
Writer: Ervina Michelle Liem
Editor: Olivia Elena Hakim
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