LVMH has agreed a $16.2 billion deal to buy U.S. jeweller 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 jeweller and watch division, home to Bulgari and Tag Heuer. “The acquisition of Tiffany will strengthen LVMH’s position in jewellery and further increase its presence in the United States,” LVMH and Tiffany said in a joint statement. …read more
Source:: Yahoo Finance
