Don’t expect Arnault will be adding ‘Tiffany’ to a hotel portfolio that already includes Belmond and Le Cheval Blanc.
On 25 November 2019, by upping its offer from $120 to $135 a share, LVMH got control of Tiffany for $16.2 billion.
There are already a myriad of hotels called Tiffany, including in Geneva, and there are even more Tiffany restaurants around the world. What might happen is extended use of Tiffany’s Blue Box Cafe at the company’s signature New York store. A best seller there is, not surprisingly, Breakfast at Tiffany, making use of the 1961 Audrey Hepburn movie.
Today, for $32 you get coffee or tea, followed by a croissant and seasonal fruit and rounded out with your choice of a buttermilk waffle, smoked salmon and bagel stack, truffle eggs, or avocado toast. This surely would be a best-seller, too, in such lovely LVMH hotels as Belmond Miraflores Park, Lima, Peru – a home of avocado – and even on the company’s trains.