KONTAN.CO.ID - PARIS. LVMH has agreed a $16.2 billion deal to buy U.S. jeweller Tiffany, Louis Vuitton's parent firm confirmed on Monday, in the luxury good maker's biggest purchase to date. The deal will boost LVMH's smallest business, the jeweller and watch division, home to Bulgari and Tag Heuer. Fashion and accessories brands including Christian Dior generate the bulk of the earnings at the conglomerate, which is run by France's richest man, Bernard Arnault.
LVMH agrees $16.2 billion deal for jeweller Tiffany
KONTAN.CO.ID - PARIS. LVMH has agreed a $16.2 billion deal to buy U.S. jeweller Tiffany, Louis Vuitton's parent firm confirmed on Monday, in the luxury good maker's biggest purchase to date. The deal will boost LVMH's smallest business, the jeweller and watch division, home to Bulgari and Tag Heuer. Fashion and accessories brands including Christian Dior generate the bulk of the earnings at the conglomerate, which is run by France's richest man, Bernard Arnault.