Business Standard

Startling parallels between Tiffany, Flipkart

The two got new owners at an identical deal size. But the similarity ends there...

Flipkart
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Nivedita Mookerji
What’s common between the 182-year-old New York jewellery major Tiffany and a little over-a-decade-old Bengaluru-headquartered Flipkart? Nothing at all, you would say, but think again. If Tiffany was acquired in the largest luxury deal of the world earlier this week, Flipkart got a new owner last year. And, what’s striking is the identical size of the two deals — 
$16 billion. 

Made famous by Audrey Hepburn-starrer Breakfast at Tiffany’s, perhaps more than by the diamond it sells to the rich and the famous, the chain with its flagship store in Fifth Avenue has a similarity with Flipkart’s origin too. The destination store
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First Published: Nov 27 2019 | 11:56 PM IST

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