LVMH buys Tiffany & Co for more than $16 bn.

The luxury group LVMH buys US-based jeweler Tiffany and Co. for more than $16bn.

For LVMH's billionaire owner Bernard Arnault, the Tiffany acquisition is the biggest deal. This deal will be the latest addition to the group’s 75 big brands commonly known as Maisons.

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