(IDEX Online) - Reports are rife that LVMH has approached Tiffany & Co about a possible takeover of the U.S. jeweler.
According to Reuters[1], LVMH, which is the world's largest luxury group by sales, submitted a preliminary, non-binding offer to Tiffany earlier this month. Tiffany has reportedly not yet responded to the offer.
The merger would give the French company a way to expand into the U.S. jewelry market.
If the takeover went ahead, Tiffany would join LVMH's other luxury jewelry and watch brands, which include Chaumet, Bulgari and TAG Heur....