Behind the Money

LVMH, Tiffany and a case of buyer’s remorse

Bernard Arnault built a €210bn luxury empire through an unflinching acquisition strategy that earned him the “wolf in cashmere” moniker. Tiffany, famous for its robin-egg blue boxes and diamond engagement rings, was meant to be the jewel atop his LVMH luxury group. The takeover would have been the largest-ever in the luxury sector, until the pandemic hit. The FT’s Leila Abboud, Arash Massoudi and James Fontanella-Khan unwind the saga of how the $16.6bn deal has hit rocky ground and how the pandemic and the forthcoming legal battle could change the terms of M&amp;A engagement globally. Review clips: CNBC, PBS, Viva Technology Read more from Leila, Arash and James - <a href="https://www.ft.com/content/72af09b4-12a4-45ad-86ca-919d38e279e8" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/72af09b4-12a4-45ad-86ca-919d38e279e8</a> Find the FT’s Due Diligence newsletter - <a href="https://www.ft.com/due-diligence" rel="noopener noreferrer" target="_blank">https://www.ft.com/due-diligence</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.