Luxury giant LVMH is reportedly nearing an agreement to add Tiffany & Co. to its portfolio. The acquisition deal would value the iconic jeweler at more than $16 billion, according to reports from multiple outlets.
New York Luxury giant LVMH is reportedly nearing an agreement to add another brand to its portfolio, a deal that would come wrapped in a little blue box.
The boards of LVMH and Tiffany & Co. convened for a meeting Sunday to finalize an acquisition deal that would value the iconic jeweler at more than $16 billion, according to reports from multiple outlets. The companies hope to announce the deal on Monday, the Financial Times first reported Sunday. LVMH is the world's largest luxury group and has for years had a strong foothold in high-end fashion.
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LVMH Nears Deal to Acquire Tiffany for $16.3 BillionLVMH Moët Hennessy Louis Vuitton is nearing a deal to buy famed jeweler Tiffany & Co. for more than $16 billion, according to people familiar with the matter.
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LVMH reaches deal to acquire Tiffany for $16.3 billionThe boards of the luxury firms have been discussing a potential deal since last month, and will meet on Sunday to approve a final plan.
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France's LVMH close to buying Tiffany after sweetening offer: sourcesFrance's LVMH nears deal to buy U.S. jewelry chain Tiffany for about $16.3 billion: sources
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LVMH reportedly nears deal to acquire Tiffany for $16.3 billion - Business InsiderSources familiar with the matter told Reuters that a deal between LVMH and Tiffany could be announced on Sunday or Monday.
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