LVMH Acquires Tiffany and Co. For $16.2 Billion

Donaldson CollectionGetty Images Iconic jewelry label Tiffany and Co. has officially joined the LVMH Moët Hennessy Louis Vuitton family after a bidding war that culminated in the luxury goods group acquiring the jeweler for a whopping $16.2 billion. According to WWD, LVMH latest move marks the group’s biggest purchase to date. LVMH’s acquisition of the…