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Louis Vuitton buys jeweller Tiffany for $16bn

BBC News Monday, 25 November 2019
LVMH, the world's biggest luxury goods company, buys Tiffany for more than $16bn.
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News video: Tiffany Prefers The Word 'Legendary' Over Luxury'

Tiffany Prefers The Word 'Legendary' Over Luxury' 00:32

Tiffany & Co., an iconic jewelry brand, no longer wants to be called a luxury brand. According to Business Insider, CEO Alessandro Bogliolo said he prefers the word “legendary.” He said: "I like to define Tiffany as a legendary brand because it's a brand that really has become a legend.” CEO of...

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France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved. Fred Katayama reports.

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Luxury goods group LVMH said on Thursday it would counter-sue Tiffany, accusing it of mismanagement through the coronavirus crisis after the U.S. jeweler accused the French group of trying to bow out of a $16 billion acquisition deal. This report produced by Yahaira Jacquez.

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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..

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