PIECES

LVMH will acquire Tiffany & Co for USD16.2 billion

LVMH today confirmed that Tiffany & Co would be joining the ranks of Christian Dior, Fendi, Bvlgari, TAG Heuer, Hublot, Givenchy and a plethora of other brands under LVMH’s 75-strong brand portfolio. Luxury conglomerate LVMH Moët Hennessy Louis Vuitton has confirmed that it will purchase global luxury jeweller Tiffany & Co for an amount of…

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