LVMH Acquires Tiffany and Co. For $16.2 Billion

After weeks of bidding, LVMH acquired Tiffany and Co. for $16.2 billion, according to reports.

Tiffany and Co. was founded in 1837 and became famous for its robin's egg blue boxes. Audrey Hepburn also helped to put the luxury jeweler on the map, thanks to her"We are delighted to have the opportunity to welcome Tiffany, a company with an unparalleled heritage and unique position in the global jewelry world, to the LVMH family," LVMH CEO Bernaud Arnault added.

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