LVMH, Tiffany finally seal merger at lower price | Malay Mail

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LVMH, Tiffany finally seal merger at lower price | Malay Mail
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WASHINGTON, Dec 31 ― Shareholders of US jeweller Tiffany yesterday overwhelmingly approved a merger with France's LVMH, ending months of drama with a marriage of two luxury icons. About 99 per cent of shareholders voted in favour of the union during a special meeting that was held virtually, a...

A Tiffany & Co logo is seen outside a store in Paris, France. — Reuters pic

About 99 per cent of shareholders voted in favour of the union during a special meeting that was held virtually, a spokesperson told AFP.The parent to luxury brands such as Louis Vuitton, Dior and Moet & Chandon, LVMH announced its plan to acquire Tiffany and its iconic robin's egg blue gift boxes at the end of 2019.

 

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