LVMH Tiffany Acquisition Price Firm For Now | More Tiffany T1 Collection Images
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AOC shares new images from Tiffany & Co. relaunch of its T1 collection. Adut Akech, Freja Beha Erichsen and Vittoria Ceretti remain the faces of the campaign. The T1 collection debut was shared on AOC in April, along with an update on life at Tiffany & Co as the COVID-19 pandemic scuttled plans and shuttered doors.
The Tiffany T1 collection celebrates and expands the iconic T motif that John Loring, the company’s design director emeritus, introduced in the early 1980s.
Tiffany Faces the Headwinds
Founded in 1837, Tiffany & Co has endured for decades, surviving world wars, America’s Civil War, vast social upheavals, the Great Depression and the 1918 global pandemic.
On the subject of facing difficult headwinds, we share a bit of good news about the LVMH acquisition of Tiffany & Co.
More than a few deep breaths happened last week with news that Bernaud Arnault and the LVMH board were meeting in Paris about how to proceed with its acquisition of Tiffany & Co. Fresh on the demise of Sycamore Partners acquisition of Victoria’s Secret, there was major reason for concern.
Rumors ran rampant that LVMH was weighing the coronavirus impact on its deal, one held up earlier in the year by regulators in Australia. That meeting seemed to be very reasonable considering the huge hit retail — including the luxury market — has taken in the pandemic.
Except that Tiffany & Co was not in violation of its legal obligations under the merger agreement. After weighing all the legal hurdles involved in renegotiating the buy price of the deal, LVMH decided not challenge any terms at present. This is no guarantee that LVMH won’t revisit the price of its purchase in the future, based on new conditions. But the waters are calm for now.
