Europe’s richest man is trying to buy the historic U.S. jewelry brand.
Shares of Tiffany & Co surged 32% on Monday, following news that French luxury goods conglomerate LVMH Moët Hennessy Group made aLVMH, which includes an empire of 70 brands like Louis Vuitton and Sephora, is
owned by Europe’s richest man, Bernard Arnault, whoThe unsolicited bid for Tiffany is worth $120 per share—a 22% premium from the stock’s closing price on Friday—and values the jewelry maker at over $14 billion,
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