LVMH Buys Tiffany & Co. for $16.2 Billion in All-Cash Deal

Independent jeweler is now owned by world's largest luxury conglomerate

After weeks of rumors, LVMH has officially announced its intention to buy iconic American jeweler Tiffany & Co. for a whopping $16.2 billion, Adweek confirmed. The all-cash deal is set to be one of the largest luxury deals in history.