LVMH buys Tiffany for $16.2B

French luxury group LVMH has agreed to acquire jeweler Tiffany & Co for $16.2 billion in cash. Tiffany shareholders will receive $135 in cash for every share they own. The acquisition aims to strengthen LVMH’s position in the jewelry and watches segments. The deal will also increase the luxury company’s presence in the United States. “We […]