LVMH Reaches Deal To Acquire Tiffany & Co. For $16.2 Billion

LVMH is set to acquire Tiffany & Co. for $16.2 billion, marking the largest deal in the luxury sector's history. This acquisition aims to strengthen LVMH's position in the jewelry market and expand its presence in the U.S. LVMH, which owns 75 brands including Dior and Bulgari, sees this as a strategic move to bolster Tiffany's sales and ensure its growth. Tiffany, known for its iconic blue boxes, has faced declining sales recently. The deal is expected to close by mid-2020.

What is the value of the deal between LVMH and Tiffany & Co?

• $10.5 billion

• $16.2 billion

• $20 billion

• $25 billion

How many brands does LVMH own?

• 50

• 60

• 75

• 100

Who is the CEO of LVMH?

• Elon Musk

• Jeff Bezos

• Bernard Arnault

• Warren Buffett

In what year was Tiffany & Co founded?

• 1920

• 1850

• 1900

• 1837

What is Tiffany & Co famously known for?

• Little blue boxes

• Golden boxes

• Green boxes

• Red boxes