Monday, November 25, 2019

Business: Louis (Vuitton) "Gets The Ring": 16.2 Billion Deal for Tiffany Sealed

The European luxury conglomerate behind Louis Vuitton and Bulgari is taking over Tiffany in a more than $16 billion gamble that it can restore shine to the famed jeweler.
The deal values the U.S. company at $135 a share, and gives LVMH Mo√ęt Hennessy Louis Vuitton a classic American brand that has struggled with weak demand at home and abroad.

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