Luxury goods company LMVH who are behind Louis Vitton, Givenchy and Chrisitan Dior has confirmed on Monday that they have approached Tiffany & Co over a possible takeover.
LVMH have held “preliminary discussion” over buying the US jewelry giant and made a $14.5bn offer, valuing the company at $120 per share.
LVMH announced there is “no assurance” that the preliminary talks will result in an agreement.
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