LVMH Scraps $16 Billion Deal, Leaving Tiffany at the Altar
Business Wars Daily
Wondery
4.6 • 716 Ratings
🗓️ 16 September 2020
⏱️ 6 minutes
🧾️ Download transcript
Summary
Today is Wednesday, September 16, and we’re looking at Tiffany & Co. vs. LVMH.
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Transcript
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| 1:05.7 | Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Awards Daily on this Wednesday, September 16th. |
| 1:11.2 | Well, folks, today we have another sad story of love gone bad. After months of planning, |
| 1:16.6 | the marriage between vener jeweler Tiffany and company and the world's largest luxury |
| 1:21.1 | conglomerate LVMH has been called off. That's right. Tiffany has been left at the altar, and that leaves big questions |
| 1:29.8 | about its future. Well, as we told you in December, it seemed like a match made in heaven. After years of |
| 1:35.2 | struggle, Tiffany would be part of an organization that included brands like Louis Vuitton, Fendi, and |
| 1:40.7 | Christian Dior, to name just a few. For Tiffany, that union represented more financial |
| 1:45.7 | stability. For the Paris-based LVMH, the move would bolster their fine jewelry sales in the U.S., |
| 1:52.1 | according to a report in Business Insider. Then last Wednesday, LVMH issued a statement saying |
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