Paris/Milan — French luxury goods group LVMH plans to overhaul Tiffany & Co’s vast merchandise line-up to focus more on gold and precious gems while going more upmarket with its silver bangles after closing the $15.8bn takeover of the US jeweller this month.

Six sources including two people with inside knowledge of Tiffany’s operations said the owner of Louis Vuitton would also likely revamp the appearance of the jeweller’s stores and boost its presence in Europe and Asia...

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