Tiffany & Co., the renowned luxury jeweler owned by LVMH, reported record global sales in fine jewelry during the third quarter, marking one of its strongest performances to date. The surge highlights Tiffany’s growing influence in the high-end jewelry market and reflects sustained demand for luxury goods despite economic uncertainties. LVMH’s strategic efforts to expand Tiffany’s global presence—through flagship revamps, high-jewelry collections, and targeted marketing—have contributed significantly to this momentum.

LVMH Positioned as Key Contender for Armani Stake

Meanwhile, LVMH Moët Hennessy Louis Vuitton is emerging as a leading potential buyer for a 15% stake in Armani. The development comes as the Italian fashion house prepares for a future beyond the leadership of its legendary founder, Giorgio Armani, with a newly formed board expected to oversee succession and long-term direction.

A minority acquisition by LVMH would represent a strategic move to deepen its presence in the ultra-luxury fashion segment and strengthen ties with one of Italy’s most iconic brands. The move could also support Armani’s transition towards more structured governance and long-term sustainability under new leadership.