LVMH buys Tiffany & Co, strengthening position as luxury retail market leader
> Luxury group LVMH is buying Tiffany & Co for more than $16bn (£12.5bn). The
companies have entered into a definitive agreement whereby LVMH will acquire
Tiffany for $135 per share in cash, in a transaction with an equity value of
approximately €14.7 billion (£11.41bn) or $16.