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Startling parallels between Tiffany, Flipkart

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

Nivedita Mookerji 

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 ...

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First Published: Wed, November 27 2019. 23:56 IST
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