Tiffany would be bought

LVMH, the French luxury giant behind Louis Vuitton, would buy Tiffany, an iconic American jewelry maker – origo wrote. Although the two parties are not yet officially negotiating the deal, the acquisition would be a great step for LVMH.

The French giant has told Tiffany executives about its acquisition. LVMH offered 120 USD (in cash) for shares of the US company, which valued Tiffany at about 14.5 billion USD, according to MarketWatch. The news was first reported by The Wall Street Journal, but the information was confirmed by the LVMH on Monday. (origo)