French luxury giant LVMH buys iconic American jeweler Tiffany for over $16 BILLION ...News

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French luxury giant LVMH buys iconic American jeweler Tiffany for over $16 BILLION
source : Russia Today ( News ) () 57
The world’s leading luxury group LVMH has agreed to buy a 182-year-old US jeweler Tiffany & Co. for $135 per share in cash. The $16.2 billion deal will become the largest luxury-goods deal ever. “The acquisition of Tiffany will strengthen LVMH’s position in jewelry and further increase its presence in the United States,” LVMH said in a statement on Monday. Paris-based LVMH has 75 brands, with 156,000 employees, and a network of more than 4,590 stores. Other brands include Louis Vuitton, Kenzo, Tag Heuer, Dom Pérignon, Moet & Chandon, Hennessy, Givenchy and Christian Dior. « We are delighted to have the opportunity to welco

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