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LVMH planning to buy Tiffany for $16.2 billion

CBS News Tuesday, 26 November 2019
French luxury group LVMH has agreed to buy iconic New York jeweler Tiffany and Co. for $16.2 billion, adding a famed star to its portfolio that already boasts Louis Vuitton, Christian Dior and Bulgari. CBSN Los Angeles reports.
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Video credit: Reuters Studio - Published
News video: LVMH to buy Tiffany for $16.2 bln

LVMH to buy Tiffany for $16.2 bln 01:05

LVMH has agreed a deal to buy U.S. jeweler Tiffany for $16.2 billion. Julian Satterthwaite reports.

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LVMH LVMH French multinational luxury goods conglomerate

Luxury sales to stay weak - LVMH [Video]

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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.

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

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

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LVMH Reaches Deal To Acquire Tiffany & Co. For $16.2 Billion [Video]

LVMH Reaches Deal To Acquire Tiffany & Co. For $16.2 Billion

LVMH said "the acquisition of Tiffany will strengthen LVMH’s position in jewelry and further increase its presence in the United States."

Credit: Rumble     Duration: 01:08Published
LVMH Purchases Tiffany & Co. for $16.2 Billion [Video]

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Both companies confirmed talks of a deal in October.

Credit: Cover Video STUDIO     Duration: 00:45Published
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BusyBoyd

Ian Blake Wait, LVMH was planning to buy Tiffany? The timing is horrible. 5 days ago