Bernard Arnault
Arnault planned to acquire Tiffany & Co.
New York City, New York, U.S.
In November 2019, Arnault planned to acquire Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020. LVMH then issued a statement in September 2020 indicating that the takeover would not proceed and that the deal was "invalid" because of Tiffany's handling of the business during the COVID-19 pandemic.