Luxury engagement : Louis Vuitton owner sets sights on Tiffany’s diamonds ...News

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Luxury engagement : Louis Vuitton owner sets sights on Tiffany’s diamonds
source : Russia Today ( News ) () 22
LVMH, the group behind Louis Vuitton and other high-end labels, is looking to expand in the US jewelry market with an acquisition of Tiffany & Co. in what would be the largest ever purchase for the French luxury powerhouse. The fashion conglomerate is holding talks with Tiffany over a potential takeover, multiple media have reported, citing sources. The details of the discussion along with the price offered for the jewelry brand have not been disclosed. Tiffany has a market capitalization of nearly $12 billion after its shares rose 22 percent this year, making the potential acquisition LVMH’s biggest ever and one of the largest deals b

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