Jan 12, 2021

LVMH Acquires Iconic American Jeweller Tiffany & Co.

Luxury goods behemoth LVMH Moët Hennessy Louis Vuitton SE, completed the acquisition of Tiffany & Co. and simultaneously restructured the executive leadership at the American luxury jeweller.

In conjunction with the closing of the transaction, LVMH has announced several leadership appointments at Tiffany. Anthony Ledru, previously Executive Vice President, Global Commercial Activities at Louis Vuitton and formerly Senior Vice President of North America at Tiffany, becomes Chief Executive Officer of Tiffany, effective immediately. He succeeds Alessandro Bogliolo, the current Chief Executive Officer of Tiffany, who will depart the company on 22nd January, 2021.

Alexandre Arnault, previously Chief Executive Officer of high-quality luggage company RIMOWA, becomes Executive Vice President, Product and Communications of Tiffany, effective immediately. Michael Burke, the Chairman and Chief Executive Officer of Louis Vuitton, will become Chairman of Tiffany Board of Directors.

Reed Krakoff, Chief Artistic Director, and Daniella Vitale, Executive Vice President and Chief Brand Officer of Tiffany, will depart Tiffany after a short transition of responsibilities.

Bernard Arnault, Chairman and Chief Executive Officer of LVMH, commented: “Tiffany is an iconic brand and a quintessential emblem of the global jewellery sector. We are committed to supporting Tiffany, a brand that is synonymous with love and whose Blue Box is revered around the world, with the same dedication and passion that we have applied to each of our prestigious Maisons over the years.”

Caption: Tiffany & Co.’s iconic New York facade. © Elliott Kaufman