The French luxury conglomerate snapped up one of hard luxury’s last available targets in a mega-deal worth $16.2 billion. With the transaction approved by shareholders and set to close by the middle of this year, BoF considers how the Tiffany-LVMH integration might pan out.

The exclusive venue is for Tiffany’s high-end clients, those looking for rare gems, massive diamonds or bespoke creations that can cost millions of dollars.

This week, Serge Ruffieux has been named creative director at Carven, Reed Krakoff has joined Tiffany & Co, and Condé Nast has made promotions to strengthen its leadership team.

Tiffany says sales at its store on Manhattan's 5th Avenue tumbled 14 percent in November and December, compared with the same period last year, partly due to "post-election traffic disruptions."

Reed Krakoff will join the troubled American jewellery brand in February.

BoF compiles the most important professional moves of the week.