The New Paper

October 29, 2020

LVMH agrees to slightly lower purchase price for Tiffany

LVMH agreed to acquire Tiffany & Co. for a slightly reduced price of $15.8B yesterday. LVMH announced plans to acquire Tiffany for $16B in 2019, but last month said it could not complete the deal (citing potential tariffs and mismanagement of the coronavirus). The two companies traded lawsuits before agreeing to the new terms this week.

This story is from the October 29, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.