Louis Vuitton owner, LVMH, to buy Tiffany for $16bn

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LVMH, the world’s biggest luxury group, has agreed to buy Tiffany & Co, the US jeweller famed for its engagement rings and white diamond necklaces, in a $16.2bn (£12.6bn) deal. Bernard Arnault’s luxury goods empire, which includes brands such as Louis Vuitton, Dior and Moët & Chandon, announced it would pay $135 a share in […]
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