December 4, 2020

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Profile: A tough negotiator puts Tiffany in his takeover chain Financial

Profile: A tough negotiator puts Tiffany in his takeover chain Financial
LVMH CEO Bernard Arnault

LVMH CEO Bernard Arnault

Bernard Arnault, 71, CEO of LVMH, is a tough negotiator. The richest man in Europe withdrew his takeover offer for the American jewelry chain Tiffany in September. Today Arnault is threading this pearl onto his takeover chain. If he leaves negotiations, he’ll get a $ 425 million discount off the nearly $ 16 billion purchase price.