Tiffany & Co Has Been Sold To The Same Company That Owns Louis Vuitton And Christian Dior

French luxury group LVMH has agreed to buy iconic New York jeweller Tiffany & Co. for $16.2 billion U.S. dollars, adding a famed star to its portfolio that already boasts Louis Vuitton, Christian Dior and Bulgari. LVMH said today that it will purchase the 182-year old Tiffany and its 300 boutiques worldwide at $135 dollars a share. The agreed deal is higher than the $14.5 billion dollar cash offer LVMH made last month.

Story: The Associated Press

Photo Credit: Tiffany & Co.

 

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Scott Fox and Kat Callaghan