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Marriage of Tiffany to LVMH Finally Consummated

Rich Duprey, The Motley Fool
·2-min read
Marriage of Tiffany to LVMH Finally Consummated

The long-running saga of Tiffany's (NYSE: TIF) acquisition by LVMH Moet Hennessy-Louis Vuitton (OTC: LVMUY) is finally over as the luxury design house announced today it has finally completed the deal for the high-end jeweler. Anthony Ledru, a Louis Vuitton senior executive, is CEO at Tiffany, effective today. Michael Burke, current CEO and chairman at LYMH, will become chairman of Tiffany.