ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

China's luxury boom revives LVMH deal for Tiffany

Acquisition back on at a discount, two months after acrimonious breakup

VIENNA -- LVMH Moet Hennessy Louis Vuitton has reached a deal to buy Tiffany less than two months since the proposed acquisition descended into legal wrangling, spurred in part by the recent rebound in China's economy.

The French luxury conglomerate is now set to pay $131.50 per Tiffany share, $3.50 less than the original price announced in November of last year, for a total of $15.8 billion, according to an announcement Thursday. This saves LVMH more than $400 million compared with a price that many in the sector had considered too high.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more