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French luxury group LVMH buying Tiffany for $16.2 billion

CBS News Monday, 25 November 2019
Famed jeweler says purchase by owner of Louis Vuitton and Christian Dior will help its push to appeal to younger, more tech-savvy customers with new takes on jewelry
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News video: LVMH Purchases Tiffany & Co. for $16.2 Billion

LVMH Purchases Tiffany & Co. for $16.2 Billion 00:48

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...

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