Couture attendees should stop by booth 410 to see Francesca Villa’s rendition of antique “lover’s eye” jewelry.
Tiffany, LVMH Deal Pushed Back to Fall
The billion-dollar acquisition still needs regulatory approval from the European Union, Japan, Mexico and Taiwan.
New York—LVMH’s acquisition of Tiffany & Co. is going to take more time.
The French luxury titan and the American jeweler need another three months to complete the $16.2 billion deal, regulatory filings show.
Though the deal was set to close Aug. 24, the terms included a stipulation that one of the parties could push back the closing to as late as Nov. 24 if needed.
Tiffany has postponed the closing, according to an 8-K filed with the U.S. Securities and Exchange Commission.
LVMH declined to comment on the date change. Tiffany did not respond to a request for comment.
RELATED CONTENT: What Tiffany’s Acquisition Means for the Jewelry IndustryReports surfaced in June saying the deal was in jeopardy due to the effects of the COVID-19 pandemic on retail and the civil unrest in the U.S. market as well as concerns about Tiffany’s ability to cover its debt covenants.
The acquisition has yet to receive the necessary regulatory clearance from the European Commission, the Japan Fair Trade Commission, Mexico’s Comisión Federal de Competencia Económica and the Taiwan Fair Trade Commission.
LVMH announced its plans to acquire Tiffany in November 2019, looking to strengthen its presence in the United States.
The deal was approved by Tiffany’s shareholders in February as well as the board of directors of both Tiffany and LVMH.
The Latest
National Jeweler rounded up five ways to spend the evening or treat your team.
The company attributed the decline to a “challenging” retail environment.
As the demand for lab-grown diamond jewelry may still be increasing, the most notable change we are likely to see is price stabilization.
From social media strategy to colored gemstone updates, these are a few of the sessions JCK Las Vegas goers should attend.
This year’s honorees include two multi-store independents and the CEO of the world’s largest diamond jewelry retailer.
Sponsored by Hari Krishna Exports Pvt. Ltd.
GIA®’s most advanced microscope has new features to optimize greater precision and comfort.
A springboard for more nascent jewelry designers and brands, the Design Atelier features 21 new faces this year.
A recent jewelry trends report sheds light on what likely will be hot when the industry descends on the desert.
The programming topics include gemology, sustainability, artificial intelligence, and more.
Shiona Turini will receive the “Diamond Influence Award.”
Emmanuel Raheb outlines six ways retailers can make brand relationships smoother and more beneficial for both parties.
The Black in Jewelry Coalition will showcase four designers at JCK Las Vegas and JCK Luxury.
Appointments can be made ahead of time for access to exclusive events.
The two industry giants are working together on a new marketing campaign.
The company sold $380 million in rough diamonds, compared with $479 million in the same period last year.
Color, storytelling, and the use of nonconventional materials are the signatures of today’s most innovative and influential designers.
A tie necklace from Van Cleef & Arpels and a pinkish purple diamond are highlights of the upcoming New York jewelry auction.
As prices of “The Big Three” skyrocket, supply dwindles, and focus on sustainability grows, an age of open-mindedness is dawning.
The fancy intense pink “The Eden Rose” is estimated to sell for up to $12 million at the New York “Magnificent Jewels” sale next month.
The “Pandora Essence” collection brings a contemporary and sculptural feel to staples like gold hoops and pearl necklaces.
The limited-seating learning event precedes its second annual trade show, which starts Aug. 11.
From lighter color palettes to the integration of AR, experts offer inspiration for jewelers in need of an aesthetic refresh.
Sotheby’s will auction jewelry belonging to the “Diamonds Are Forever” singer in Paris this October.
Sherry Smith shares tips for fostering successful vendor-retailer partnerships, from marketing investment to fast-seller replenishment.
Herold has been with the organization for 22 years and will continue in her current role of conference director.