The French takeover of Tiffany & Co. started with insults, lawsuits and accusations of mismanagement. Then things got really uncomfortable.
Soon after LVMH Moët Hennessy Louis Vuitton SE closed its $15.8 billion acquisition of the American jeweler last January, it replaced several of Tiffany’s senior leaders with executives from other parts of the LVMH empire. Some remaining employees joked that French lessons were a prerequisite for job security.