Louis Vuitton maker looking to buy US jeweller Tiffany
Luxury group LVMH made a takeover proposal that Tiffany is evaluating
27 October 2019 - 19:16
LVMH is exploring an acquisition of US jeweller Tiffany & C in what would be the biggest purchase by the French owner of Louis Vuitton, according to people familiar with the matter.
The luxury group approached Tiffany with a takeover proposal earlier in October, said the people, who asked not to be identified because the discussions are private. Tiffany is evaluating the bid and there’s no guarantee an agreement will be reached, they said...
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