LVMH Gives Tiffany A Makeover, Promotes Arnault Scion After $16 Billion Deal

LVMH installed the son of company founder Bernard Arnault in a new leadership team at Tiffany on Thursday after the French luxury goods group concluded its $15.8 billion acquisition of the U.S. jeweller. The conglomerate also picked two executives from its Louis Vuitton handbag brand to run Tiffany, and said it would overhaul the design team ahead of a makeover which analysts expect will focus on courting young shoppers and Asian customers. Read more at Reuters.