PARIS, France — Luxury giant LVMH Moët Hennessy Louis Vuitton SE said Monday it has reached a $16.2 billion deal to buy American jeweller Tiffany & Co.The blockbuster deal will transform LVMH’s watches and jewellery position and increase its presence in the US.
Stay tuned to BoF updates to this developing story.
Disclosure: LVMH is part of a group of investors who, together, hold a minority interest in The Business of Fashion. All investors have signed shareholder’s documentation guaranteeing BoF’s complete editorial independence.
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