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Tiffany Joins LVMH Watches And Jewellery Division

LVMH announced on 11 January 2023 that Tiffany will join the group’s watches and jewellery division following a two-year integration period.


LVMH acquired Tiffany for $15.8 billion in January 2021. Since then, Tiffany has operated as a stand-alone business, reporting directly to group chairman and CEO Bernard Arnault. From 1 February, the brand will report to the watches and jewellery division. LVMH already included Tiffanys sales in its results for the segment.


Stéphane Bianchi, the divisions chairman and CEO, will take charge of Tiffany, according to LVMH. Repossi, a jewellery brand in which LVMH acquired a majority stake in 2019, will also become part of the division, under Stéphane Bianchis leadership.


Pietro Beccari, who has headed Christian Dior Couture since 2018, will become chairman and CEO of Louis Vuitton. He succeeds Michael Burke, who will take up new responsibilities, reporting directly to Bernard Arnault after spending ten years at the head of Louis Vuitton and guiding the successful integration of Tiffany.


Bernard Arnault commented on the completion of the watches and jewellery division organisation: “The inclusion of Tiffany in the watches and jewellery division is a natural step following the companys successful integration within the LVMH group. Stéphane Bianchis leadership skills, his understanding of products and markets, and his organisational acumen have enabled the maisons in the division to achieve remarkable results under his management. This includes the successful revamping of TAG Heuer, the acceleration of Chaumet, Fred and Zenith, along with continued excellent performance by Hublot and Bulgari. Stéphane Bianchi will further heighten the unique appeal of each of these maisons while developing effective synergies among them.”





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