Following the initial announcement at the end of 2019 (you can read about it here), LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, announced that it has completed the acquisition of Tiffany & Co., the famous luxury jeweler.
Complementing LVMH’s 75 distinguished Maisons, this acquisition will further accelerate Tiffany’s growth and capability to innovate.
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.
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.
Alessandro Bogliolo, the current Chief Executive Officer of Tiffany, has agreed to remain with the company to facilitate the transition through January 22, 2021, after which time he will depart the company.