LVMH gives Tiffany a makeover, names founder’s son and Vuitton execs to roles at US jeweller PARIS|NEW YORK: 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 US$15.8 billion (RM63.5 billion) acquisition of the US 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. The official closing of the deal, meant to boost LVMH's standing in a segment it was less exposed to than fashion or spirits, follows a bitter legal dispute. LVMH backed away as the Covid-19 pandemic hammered luxury goods sales, but ultimately renegotiated a discounted purchase price. Alexandre Arnault, one of four scions with roles at LVMH, who had already been stepping up his profile after previously running luggage label Rimowa, will be executive vice president at Tiffany, in charge of product and communication. A fluent English speaker, the 28-year-old accompanied his father on a US trip to meet outgoing President Donald Trump in 2017 shortly after his election.