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LVMH Buys Tiffany & Co. for $16.2 Billion in All-Cash Deal

Independent jeweler is now owned by world's largest luxury conglomerate

the storefront of tiffany & co. in new york city
The deal between LVMH and Tiffany & Co. is expected to close in the middle of next year.Getty Images
By Diana Pearl

November 25, 2019

After weeks of rumors, LVMH has officially announced its intention to buy iconic American jeweler Tiffany & Co. for a whopping $16.2 billion, Adweek confirmed. The all-cash deal is set to be one of the largest luxury deals in history.

Diana Pearl

Diana is the brand marketing editor at Adweek and managing editor of Brandweek.

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