Louis Vuitton owner eyes Tiffany takeover

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The company behind Louis Vuitton has approached Tiffany over a possible takeover – with the proposed deal reportedly valuing the jeweller at $14.5bn.

LVMH, the world’s biggest luxury group, said following recent speculation it “confirms that it has held preliminary discussions regarding a possible transaction with Tiffany”.

In a brief statement, the company – controlled by French billionaire and Europe’s richest man Bernard Arnault – added: “There can be no assurance that these discussions will result in any agreement.”

The statement did not put a figure on the proposed offer – which the Financial Times reported would value Tiffany at $14.5bn.


Via Sky News

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