LVMH Purchases
Tiffany & Co.
for $16.2 Billion.
Both companies confirmed
talks of a deal in October.
The French luxury group will pay
$135 per share for the famous
Manhattan jeweler.
Despite its global brand,
the 182-year-old jeweler has
been experiencing poor sales.
LVMH previously acquired
Rihanna’s Fenty and Fenty
Beauty lines as it gains
success among millennials.
The deal is expected to
close in mid-2020