Jun 8, 2024
🇺🇸 Ten American Brands No Longer Owned by American Companies
What We’re Showing
A chart listing ten iconic American brands, when they were first sold to foreign companies, and who owns them now, per data from 24/7 Wall St.
Beloved American Jeweler to LVMH’s Crown Jewel
Tiffany and Co.’s 183-year American story came to an end in 2019 after French luxury giant LVMH announced plans to acquire the company. The sale did not progress smoothly and after more than a year of back-and-forth, LVMH completed its acquisition, in 2021 for a slightly-reduced $16 billion price tag.
In the years since, Tiffany’s earnings have doubled, LVMH’s stock price has risen 50%, and Bernard Arnault—LVMH Chairman and CEO—became the world's richest man.