by LMVH blamed Tiffany's mismanagement during the pandemic and claimed that it was 'burning cash and reporting losses'". In late October 2020 Tiffany and LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. LVMH completed the purchase of Tiffany in January 2021. In January 2022, LVMH acquired a minority stake in the New York-based label Aimé Leon Dore for an undisclosed sum. The investment was made through the conglomerate's LVMH Luxury Ventures arm. As of late 2020, LVMH has the largest market capitalization of any company in France, and also in the Eurozone with a record of 261 billion euros ($317.6 billion). As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $151.7 billion. In March 2022, LVMH announced closure of its 120+ stores in Russia, "given the current circumstances in the region", due to the Russo-Ukrainian War. An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia. In November 2022, it was announced LVMH had acquired the Piedmont-based jewelry maker, Pedemonte Group. Corporate structure LVMH is headquartered in the 8th arrondissement of Paris, France. The company is listed on the Euronext Paris exchange, and is a constituent of the CAC 40 index. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion. In 2013, with revenue of $21.7 billion, LVMH was ranked first luxury goods company in Deloitte's "Global Powers of Luxury Goods" report. By 29 February 2016, the company had a share value of 78,126 million euros, distributed in 506,980,299 shares. As of 2009, the group employed more than 83,000 people, 30 percent of LVMH's staff worked in France, and LVMH operated over 2,400 stores worldwide. Shareholders At the end of 2017, the only declared major shareholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights. As of 2009, LVMH held 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo. As of 2013, Christian Dior SE was the main holding company of LVMH, owning