According to Bloomberg, the agreement was reached at a reduced price of almost US$16 billion ($21.29 billion). The compromise ends a year-long saga characterised by accusations of bad faith, French government intervention and lawsuits.
RIMOWA’s new Never Still collection provides functional and elegant solutions for daily urban commuting, business and beyond. Options speaks to the brand’s newly-appointed non-executive chairman Alexandre Arnault to find out more.
It was a game of will-they-won’t- they back in September of last year when French multinational corporation and conglomerate specialising in luxury goods LVMH made a bid to buy luxury jewellery retailer Tiffany & Co. The saga started with a bid, then a backdown and later with the threat of lawsuits on both sides. However, the sale finally went through in October.
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