Tag: #LVMH
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Tiffany: an American jeweler headed for the LVMH empire
Washington, Nov 26 (AFP/APP): An iconic US company with a storied history, the jeweler Tiffany agreed Monday to be acquired by French luxury giant LVMH for $16.2 billion. Upon sealing the deal, LVMH chief Bernard Arnault called Tiffany itself a “jewel” and vowed to bestow it with “the same dedication and commitment” that the company…
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LVMH close to buying Tiffany for more than $16.3 billion: source
Paris, Nov 25 (AFP/APP): French luxury group LVMH was hoping to clinch a deal to acquire US jewellers Tiffany on Sunday after bidding more than US $16 billion, according to a source close to the deal, confirming press reports. The deal would cost more than US $16.65 billion once debt has been factored in, said…