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Louis Vuitton's bid for Tiffany puts pressure on rivals to respond
If successful, the deal would achieve several goals for Arnault: balance out a portfolio that currently favors fashion, beauty, and beverages; increase LVMH's weight in the US market
Forget $10,000 watches, there's money in $2,000 handbags
Shoppers are snapping up $2,000 Marcie handbags and ruffled blouses