LVMH has agreed a $16.2 billion deal to buy U.S. jeweler Tiffany, Louis Vuitton’s parent firm confirmed on Monday, in the luxury good maker’s biggest purchase to date. The deal will boost LVMH’s smallest business, the jeweler and watch division, home to Bulgari and Tag Heuer. Fashion and accessories brands including Christian Dior generate the bulk of the earnings at the conglomerate, which is run by France’s richest man, Bernard Arnault. …read more
Source:: Yahoo Finance
