LVMH to procure Tiffany & Co. for $16.2 billion
French luxury group LVMH has agreed to buy iconic New York jeweler ‘Tiffany & Co.’ for $16.2 billion. LVMH announced in a statement that it will purchase the 182-year old Tiffany and its 300 boutiques worldwide at $135 a share. The agreed deal is higher than the $14.5 billion cash offer LVMH made last month. … Read more