LVMH buys Tiffany & Co for more than $16 bn.

The luxury group LVMH buys US-based jeweler Tiffany and Co. for more than $16bn.

For LVMH's billionaire owner Bernard Arnault, the Tiffany acquisition is the biggest deal. This deal will be the latest addition to the group’s 75 big brands commonly known as Maisons.

Experts suggest that this deal for LVMH will boost its presence in the US and will transform its watches and jewelry division that already include bran....