Lvmh Tiffany Agreement

Roger N. Farah, Chairman of Tiffany`s Board of Directors, commented. “We are very pleased to have reached an agreement with LVMH at an attractive price and to now be able to continue the merger. The Council concluded that it was in the interest of all our stakeholders to obtain certainty of the conclusion. Today, with more than 14,000 employees, TIFFANY & CO designs, produces and will market. and its luxury jewelry, watches and accessories subsidiaries – including more than 5,000 skilled artisans who cut diamonds and make jewelry in the company`s workshops and fulfill its commitment to superior quality. The company operates more than 300 TIFFANY &CO retail stores worldwide as part of its Omni-Channel approach. Learn more about TIFFANY & CO. As well as its commitment to sustainability, see you tiffany.com. As a result of factors, risks and uncertainties that we have no influence on, actual results may differ materially from those described in the forward-looking statements. In exchange, Tiffany sued LVMH in a Delaware court and tried to force the French group to abide by the original agreement. The case is expected to be tried in early January. “We are very pleased to have reached an agreement with LVMH at an attractive price and to be able to continue the merger,” said Roger Farah, President of Tiffany.

“The Board concluded that it was in the interest of all our stakeholders to obtain the security of the conclusion.” LVMH Moët Hennessy Louis Vuitton SE (“LVMH”), the world`s leading luxury goods group, and Tiffany & Co. . . .

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