Will LVMH and Tiffany tie the knot?
French luxury group LVMH has offered to buy Tiffany & Co. for $14.5 billion, according to reports citing anonymous sources. The move, which the Financial Times says is likely to be rejected, comes as LVMH seeks to expand in the American market while Tiffany struggles with U.S.-China trade tariffs, the effects of the Hong Kong protests and lower tourist spending. The acquisition would be one of the biggest ever for LVMH, the world’s largest luxury group by sales. Louis Vuitton’s parent confirmed its interest Monday.