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French luxury group LVMH buying Tiffany for $16.2 billion

CBS News Monday, 25 November 2019
Famed jeweler says purchase by owner of Louis Vuitton and Christian Dior will help its push to appeal to younger, more tech-savvy customers with new takes on jewelry
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News video: LVMH Purchases Tiffany & Co. for $16.2 Billion

LVMH Purchases Tiffany & Co. for $16.2 Billion 00:48

LVMH Purchases Tiffany & Co. for $16.2 Billion. Both companies confirmed talks of a deal in October. The French luxury group will pay $135 per share for the famous Manhattan jeweler. Despite its global brand, the 182-year-old jeweler has been experiencing poor sales. LVMH previously acquired...

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LVMH LVMH French multinational luxury goods conglomerate

Luxury sales to stay weak - LVMH [Video]

Luxury sales to stay weak - LVMH

LVMH says demand for luxury goods is set to stay subdued as tourists stay home. Julian Satterthwaite reports.

Credit: Reuters Studio    Duration: 01:09Published
Tiffany shares fall with LVMH deal in doubt [Video]

Tiffany shares fall with LVMH deal in doubt

Shares of high-end retailer Tiffany fell for a second day after a report in fashion publication WWD suggested French luxury goods group LVMH was less certain about its $16.2 billion deal. Conway G. Gittens has more.

Credit: Reuters Studio    Duration: 01:27Published

Tiffany & Co. Tiffany & Co. American luxury retail company

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Dow, S&P pull back, Nasdaq sets record

The S&P 500 and Dow fell Tuesday after recent strong gains, while the Nasdaq ended at an all-time high for a second straight day after briefly rising above the 10,000 mark for the first time. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:24Published
Lady Gaga stopped by security after leaving Oscars with 128-carat jewels [Video]

Lady Gaga stopped by security after leaving Oscars with 128-carat jewels

Lady Gaga was stopped by security after leaving the Oscars with her Tiffany necklace, the priceless 128-carat yellow diamond last worn by Audrey Hepburn in 1961.

Credit: Bang Media World    Duration: 00:55Published

Louis Vuitton Louis Vuitton France-based international fashion house and luxury retail company

Without tourists, Europe's luxury stores struggle [Video]

Without tourists, Europe's luxury stores struggle

Europe's luxury stores are opening again, but with few tourists around many find they aren't busy. Julian Satterthwaite reports.

Credit: Reuters Studio    Duration: 01:38Published

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The LVMH CEO is set to surpass Jeff Bezos to become world’s richest person after the luxury goods giant confirmed its $16.2 Billion Tiffany & Co. takeover.

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French Luxury Group LVMH To Buy Tiffany For $16.2 Billion

French luxury group LVMH has agreed to buy iconic New York jeweler Tiffany & Co. for $16.2 billion, adding a famed star to its portfolio that already boasts...
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Blaise HATT-ARNOLD French luxury group LVMH has appointed Frédéric Arnault as CEO of Swiss watch maker TAG HEUER 3 days ago

Drapers

Drapers French luxury group LVMH has said it is not considering purchasing shares in US luxury jeweller Tiffany & Co, which… https://t.co/jBFpvPLVvI 3 days ago

eggry

eggry RT @Reuters: French luxury goods group LVMH’s $16.2 billion takeover of Tiffany is looking less certain, according to a report https://t.co… 4 days ago