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LVMH chairman and chief executive, Bernard Arnault, flip-flopped on his previously agreed Tiffany & Co. deal earlier this year, eventually purchasing the company at a lower price. Photo: AFP
LVMH chairman and chief executive, Bernard Arnault, flip-flopped on his previously agreed Tiffany & Co. deal earlier this year, eventually purchasing the company at a lower price. Photo: AFP
Fashion
Style /  Luxury

Covid-19-hit 2020’s biggest luxury brand deals: Chanel bought Italian shoemaker Ballin; VF, the US owners of The North Face, acquired Supreme, and LVMH bagged a ‘bargain’ on Tiffany & Co.

Covid-19 shook up the fashion world, prompting major companies like Alibaba and Richemont to invest in luxury e-commerce platform Farfetch and Moncler to buy designer sportswear brand Stone Island, among others

Richard Lord
Richard Lord

Updated: 5:52pm, 29 Dec, 2020

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LVMH chairman and chief executive, Bernard Arnault, flip-flopped on his previously agreed Tiffany & Co. deal earlier this year, eventually purchasing the company at a lower price. Photo: AFP
LVMH chairman and chief executive, Bernard Arnault, flip-flopped on his previously agreed Tiffany & Co. deal earlier this year, eventually purchasing the company at a lower price. Photo: AFP
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