The Tiffany & Co. board accepts LVMH’s supply, which values the company at $US135 per share, calling it “an exciting path forward”. The acquisition is valued at $US16.2 billion – the largest in LVMH’s historical past, eclipsing its $US13.1 billion acquisition of luxury fashion house Christian Dior in 2017. Three weeks after confirming its intention to increase into India, Tiffany & Co. releases its financial results for the first half of 2019. The report indicates that revenue has declined 3 per cent, to $US2.1 billion, whereas sales have fallen 4 per cent. Additionally, lower than 10 per cent of watches and jewellery revenue is from the US market, compared with 23 per cent from Europe and 35 per cent from Asia .

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