Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Instagram Outage Disrupts Thousands of U.S. Users 
LVMH, the parent company of Louis Vuitton, Dior, and Tiffany & Co., is buying Platinum Invest jewelry maker, and this was announced late last week. It will acquire a majority stake in the French company, which also owns Abysse and Orest jewelry manufacturers.
The financial terms of the deal were not revealed, but LVMH is closing the deal to acquire Platinum Invest from Andera Partners, Bpifrance, and other shareholders. It was said that the company is making this move to boost the production of its own Tiffany & Co. jewelry brand.
As per Reuters, with the addition of Platinum Invest in LVMH’s assets, Tiffany & Co. will be able to scale up the production of fine and high-end jewelry pieces. Platinum Invest is a great buy as it also operates five workshops in the eastern part of France and currently has 800 employees.
While Louis Vuitton’s parent company is buying Platinum Invest, the latter may still continue to make pieces of jewelry for its existing clients and other brands that LVMH owns, such as Bulgari and Chaumet. At any rate, LVMH acquired Tiffany & Co. in 2021 for $16 billion. The plan is to boost its sales by expanding its store network and adding new products where Platinum Invest will be of big help.
"These expert teams will leverage their skills to bring to life exceptional jewelry creations from the Tiffany & Co. design studio in New York," Fashion Network quoted LVMH as saying in a statement regarding the acquisition of Platinum Invest.
It further stated, "In addition to creating exceptional jewelry for Tiffany & Co, the workshops will continue to develop products for their existing customers, as well as for other jewelry houses within the LVMH group.”
Anthony Ledru, Tiffany & Co’s president and chief executive officer, added, “The acquisition of Platinum Invest represents a significant milestone for our company and will allow us to strengthen our commitment to the highest level of quality while expanding our production capacity to meet the growing demands of our customers."
Meanwhile, LVMH’s deal to acquire Platinum Invest is still subject to customary regulatory approvals but is expected to close by the end of summer this year.
