CORRECTED-UPDATE 4-LVMH aims to restore Tiffany's sparkle with $16.2 bln takeover
November 25, 2019 at 08:47 AM EST
Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet, as the French luxury goods maker bets it can restore the U.S. jeweller's lustre by investing in stores and new collections.
