Home Business News LVMH approaches Tiffany in $14.5bn takeover

LVMH approaches Tiffany in $14.5bn takeover

by LLB Reporter
28th Oct 19 10:38 am

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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