Tiffany Shareholders Finally Approve Deal With LVMH Holding

Tiffany Shareholders Finally Approve Deal With LVMH Holding
Tiffany Shareholders Finally Approve Deal With LVMH Holding
Video: Tiffany Shareholders Finally Approve Deal With LVMH Holding
Video: Tiffany sues LVMH for pulling out of $16.2 billion deal 2023, February
Anonim

Holding LVMH announced the completion of the purchase of the American jewelry company Tiffany. The deal was almost canceled due to mutual claims of the parties, which could have continued with lengthy litigation. As a result, the fortune of the richest man in Europe, Bernard Arnault, grew by more than $ 4 billion at once. The message about the deal was published on the LVMH website, although its cost was not specified.

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The wealth of Bernard Arnault, the main owner of LVMH and the richest man in Europe, has grown amid the acquisition of Tiffany by $ 4.3 billion, according to the Forbes Real-Time ranking, which is updated in real time. Arnault's fortune on the day of the announcement of the completion of the deal was estimated at $ 153.4 billion. Thus, Arnault took third place on the Forbes list after Amazon CEO Jeff Bezos and Tesl head Elon Musk (the latter recently became the leader of the rating).

"Tiffany is an iconic brand and a key emblem of the global jewelry sector … We are optimistic about Tiffany's ability to accelerate its growth and innovation and remain at the forefront of the most cherished achievements and memories of our discerning customers," - quoted by Bernard Arnault press service LVMH.

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