LVMH, the French owner of Louis Vuitton and Givenchy, said it has held preliminary discussions with jeweler Tiffany & Co. on a possible takeover.
There’s no assurance that the discussions will result in any agreement, the French luxury giant said.
Bloomberg reported earlier that LVMH has offered about $14.5 billion for the jeweler in a deal that would expand its access to U.S. luxury shoppers.. . . more