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France LVMH Group To Acquire Tiffany in the United States Over 1.7 trillion yen

2019-11-25T05:07:48.046Z

The French LVMH group, which has luxury brands such as Louis Vuitton, acquires the American jewelry brand Tiffany ...



France LVMH Group To Acquire US Tiffany More than 1.7 trillion yen November 25 14:00

The French LVMH group, which has luxury brands such as Louis Vuitton, is expected to acquire the American jewelry brand Tiffany.

According to Western media, the acquisition amount will be 16 billion dollars and the Japanese yen will exceed 1.7 trillion yen.

According to several Western media, LVMH, which proposed an acquisition to Tiffany at the end of last month, agreed to increase the purchase price.

The total acquisition is reported to be 16 billion dollars, exceeding 1.70 trillion yen in Japanese yen, and is expected to be the largest acquisition for LVMH.

LVMH is a huge group headquartered in France, with Louis Vuitton and Fendi under its umbrella. If this acquisition is realized, the US market will gain valuable foothold.

In the fashion industry, acquisitions by large groups have been repeated, and if Tiffany, a well-established American jewelry brand, joins LVMH, the oligopoly will become even more oligopolistic.

Source: nhk

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