Is it true that Tiffany bought lvwei? Why Tiffany bought lvwei has been exposed-看世界

Is it true that Tiffany bought lvwei? Why Tiffany bought lvwei has been exposed

LVMH, the world's largest luxury goods company, formally acquired Tiffany & Co., a US jewelry giant, for $16.2 billion, foreign media reported. The largest acquisition in the history of luxury goods industry will strengthen the former's strength in the field of jewelry and expand its U.S. customer base. In a statement released on the same day, LVMH said the deal valued Tiffany at $135 a share. Shares of LVMH rose 1.8% after the deal was announced.

According to the latest financial report of LVMH, in the first three quarters of 2019, the revenue of Asian market (excluding Japan) including China increased by 16% year-on-year, leading all regional markets, followed by Japan (13%), Europe (10%) and the United States (8%).

LVMH shares rose 2.17% to close at $448 on the 25th after the Tiffany deal was finalised. Since this year, the group's share price has risen 54.54%.

At the same time, Bernard Arnault, chairman and chief executive of LVMH group, is also worth a lot of money.

According to Forbes magazine's real-time data, Arnault's wealth increased by $2.1 billion to $106.8 billion in a day, ranking third on the global rich list, pressing Amazon boss Bezos ($110.5 billion) and Microsoft founder gates ($107 billion).

At the same time, thanks to the expectation of high price acquisition, Tiffany, whose performance in recent years has been flat or even started to decline, has "skyrocketed in value" before the acquisition, and the share price once soared by more than 30% in a single day. The acquisition may boost LVMH's influence in the jewelry field. The group has 75 well-known brands such as Lou is Vuitton (LV), Christian Dior and Sephora.

It is understood that LVMH is the world's largest luxury group, with many well-known brands. The deal will help French luxury companies move beyond traditional goods such as clothing and handbags to luxury goods such as watches and jewelry. The acquisition is expected to more than double LVMH's jewellery business.  

Tiffany said the deal would ensure the company's long-term sustainability. Tiffany is trying to attract young shoppers and hopes to help LVMH expand its business further.

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