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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

As China cuts back on iPhones, Louis Vuitton handbags may face same fate
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Robert Williams | Bloomberg
As the maker of top-end goods from Louis Vuitton handbags to Dom Perignon Champagne to Fendi furs, LVMH has a value to match, exceeding the combined market size of its top rivals and turning Chairman Bernard Arnault into Europe’s richest man.

Now a proposed purchase of Tiffany & Co. stands to set the luxury powerhouse apart even further from the competition. In what would amount to the industry’s biggest-ever deal, Paris-based LVMH has offered to take over the iconic US jewelry house for $14.5 billion. Tiffany is studying the proposal.

If successful, the deal would achieve several goals for Arnault: balance out

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First Published: Oct 29 2019 | 1:30 PM IST

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