Louis Vuitton considers takeover of Tiffany to cash in on US luxury demand

LVMH is exploring an acquisition of US jeweller Tiffany & Co. in what would be the biggest purchase ever by the French owner of Louis Vuitton, according to people familiar with the matter.

The French luxury group has approached Tiffany with a takeover proposal, though there’s no guarantee an agreement will be reached, said the people, who asked not to be identified because discussions are private. The US company’s shares have gained 22 per cent this year, valuing it at $12 billion. LVMH has risen 49 per cent, giving it a market capitalization of about $215 billion.

Representatives for Tiffany