PARIS: Louis Vuitton owner LVMH has agreed to buy Tiffany for US$16.2bil in its biggest acquisition yet as the French luxury goods maker bets it can restore the iconic US jeweller’s lustre.
The US$135-per share cash deal will boost LVMH’s smallest business, the jewellery and watch division that is already home to Bulgari and Tag Heuer, and help it expand in one of the fastest-growing sections of the industry.
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