APCC observes 35th Death Anniversary ofIndira Gandhi

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France's LVMH seals deal to buy Tiffany for $16.2 billion

Nov 25, 2019 13:36 IST

French luxury giant LVMH has sealed the deal to buying US jewellery chain Tiffany & Co for 16.3 billion dollars. LVMH initially bid $120-per-share for the American jeweler in October, kicking off weeks of negotiations before the two parties settled on $135-a-share. This is LVMH’s largest takeover and helps Louis Vuitton and Bulgari owners to tap into the fast-growing luxury jewellery market.