LVMH Purchases <br />Tiffany & Co. <br />for $16.2 Billion.<br />Both companies confirmed <br />talks of a deal in October.<br />The French luxury group will pay <br />$135 per share for the famous <br />Manhattan jeweler.<br />Despite its global brand, <br />the 182-year-old jeweler has<br />been experiencing poor sales.<br />LVMH previously acquired <br />Rihanna’s Fenty and Fenty <br />Beauty lines as it gains <br />success among millennials.<br />The deal is expected to <br />close in mid-2020
