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French firm eyes US$14.5B Tiffany buyout

French luxury group LVMH has offered to buy Tiffany & Co. for US$14.5 billion in cash, sending shares in the New York jewelers soaring, China Daily reported. The purchase would add another household name to LVMH’s plethora of upscale brands. It owns fashion names such as Christian Dior, Fendi, and Givenchy as well as watchmaker […]

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