Hong Kong (CNN Business)French luxury goods giant LVMH (LVMHF) has offered to buy Tiffany & Co., the iconic New York jeweler known for its little blue boxes.
LVMH, which is run by billionaire CEO Bernard Arnault and owns brands such as Louis Vuitton and Christian Dior, confirmed its interest on Monday following media reports of an offer over the weekend.
The French fashion conglomerate said it held “preliminary discussions” regarding a “possible transaction” with Tiffany. “There can be no assurance that these discussions will result in any agreement,” it added.
