On June 7, 65438, US Eastern Time, LVMH or LV, the world's largest luxury goods company, announced that it had officially completed the acquisition of Tiffany, a century-old jewelry brand, and appointed Bernard, the founder of LV's parent company. Arnot's son Alexander? Arnot joined Tiffany as a senior manager. This acquisition can be said to be a good thing for LV company, because it took more than a year, and it cost tens of billions after many twists and turns.

LV parent company announced the completion of the acquisition of Tiffany, which means that LV company has another favorite brand, which is a good thing for LV company.

Bernard, Chairman and CEO of LVMH? In a statement on the same day, Arnault expressed confidence in Tiffany's ability to accelerate growth and innovation. So LV's parent company will spend 65.438+058 billion to buy Tiffany and send an Alexander? Three senior executives, headed by Arnot, moved in.

It is understood that Alexander? Arnot, 28, is one of the four successors of LVMH. Previously, he was in charge of Rimowa, a luggage brand, and cooperated with Supreme, a sportswear brand, to promote social media and attract younger customers. His business policy is very attractive to the younger generation of consumers. This time, he will be the executive vice president of Tiffany, which is also popular with young people, so he was appointed to be in charge of product and communication affairs.

And, LV Chairman and CEO Michael? Burke will also serve as the chairman of Tiffany, Anthony's LV's global business activities and brand in the United States. Ledru will become the CEO of Tiffany, who will be responsible for running Tiffany and said that he plans to carry out a comprehensive reform of his design team. Affected by the acquisition news, Standard & Poor's Dow Jones Index Company moved Tiffany out of the Standard & Poor's 500 Index at the end of last month, but now Tiffany has been taken over by LV Company.