Louis Vuitton owner offers $14.5B for jeweler Tiffany

Ruth David, Dinesh Nair, Ed Hammond and Robert Williams

October 28, 2019 9:00 am

LVMH has made an offer of $14.5 billion to purchase jeweler Tiffany & Co. / BLOOMBERG NEWS FILE PHOTO/KONRAD FIEDLER

LONDON – LVMH has offered $14.5 billion for jeweler Tiffany & Co. in a bid that could result in Chairman Bernard Arnault’s biggest ever takeover and expand the Louis Vuitton owner’s reach into the U.S. Tiffany said it received an unsolicited $120-a-share proposal from the luxury giant, after the French company confirmed a Bloomberg report…