France’s LVMH confirms it wants to buy Tiffany

France’s LVMH confirms it wants to buy Tiffany

LVMH, the world’s biggest luxury group, said on Monday it had approached US jeweler Tiffany & Co about a possible takeover. A source said LVMH, which owns the Louis Vuitton and Bulgari brands among others, had proposed a bid valuing Tiffany at about $120 per share. This translates to a $14.5 billion acquisition offer.

Timothy
Timothy
Top in Business
Get the App