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Tiffany board member resigns after acquisition



Francesco Tripani, director on Tiffany’s board, who helped nurture the recent acquisition has resigned four days after the company was acquired by LVMH.


In 2011, LVMH chairman and chief executive officer Bernard Arnault and Tripani worked at Bulgari together. Tripani leaded Bulgari in the same year, then headed LVMH’s watch and jewellery division until 2014 after LVMH took over Bulgari. This has led to speculation that Tripani and LVMH reached some disagreements.


Tiffany denied such rumour: “Mr. Trapani indicated that his decision to resign was not the result of any disagreement with registrant’s operations, policies, or procedures, or any matter related to registrant, but that he was resigning in order to pursue other opportunities.”

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