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LVMH aims to restore Tiffany's sparkle with $16.2 billion takeover

Reuters Monday, 25 November 2019
Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet as the French luxury goods maker bets it can restore the iconic U.S. jeweler's luster.
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News video: LVMH to buy Tiffany for $16.2 bln

LVMH to buy Tiffany for $16.2 bln 01:05

LVMH has agreed a deal to buy U.S. jeweler Tiffany for $16.2 billion. Julian Satterthwaite reports.

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LVMH LVMH French multinational luxury goods conglomerate

Acclaimed Designer Kenzo Has Died Of COVID-19 [Video]

Acclaimed Designer Kenzo Has Died Of COVID-19

Japanese designer Kenzo Takada died in Paris on Sunday due to COVID-19-related complications. He was 81. Famous for his international luxury fashion house Kenzo, he inaugurated his flagship store in Paris' Place des Victoires in 1976. A native of Himeji, Japan, over the next thirty years, Takada launched a perfume empire, and, in 1993, sold his brand to luxury conglomerate LVMH. In 1999, he retired to pursue other creative pursuits. In January of 2020, he launched his K-3 brand.

Credit: Wochit News    Duration: 00:34Published
LVMH may find most sales are final [Video]

LVMH may find most sales are final

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.

Credit: Reuters Studio    Duration: 01:26Published
LVMH to counter sue Tiffany over troubled deal [Video]

LVMH to counter sue Tiffany over troubled deal

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.

Credit: Reuters Studio    Duration: 01:19Published

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The LVMH CEO is set to surpass Jeff Bezos to become world’s richest person after the luxury goods giant confirmed its $16.2 Billion Tiffany & Co. takeover.

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LVMH Reaches Deal To Acquire Tiffany & Co. For $16.2 Billion [Video]

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LVMH said "the acquisition of Tiffany will strengthen LVMH’s position in jewelry and further increase its presence in the United States."

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Both companies confirmed talks of a deal in October.

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