In an effort to restore some shine, the world's biggest luxury goods company has bought the famed U.S.-based jeweller, Tiffany & Co, for more than $16 billion. It is the largest luxury goods deal to date for LVMH and its billionaire owner, Bernard Arnault. The conglomerate, which owns 75 brands, has created a mass market for luxury goods, and is valued at $220 billion dollars.
Jillian Wolf reports.
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