What significant business acquisition did LVMH make in 2019?

In 2019, LVMH made headlines with its acquisition of Tiffany & Co., a monumental move in the luxury goods market. This strategic purchase was part of LVMH's broader vision to strengthen its position in the high-end jewelry sector. Tiffany & Co., known for its high-quality diamond jewelry and iconic blue boxes, brings valuable brand heritage and recognition to the LVMH group. The acquisition aligns with LVMH's strategy of expanding its portfolio to include well-established luxury brands that can enhance overall revenues and market reach. This transaction is seen as a notable step for LVMH, reflecting its ambition to dominate the global luxury jewelry market, further diversifying its already extensive array of luxury brands.