French luxury group LVMH offers to buy U.S jeweler Tiffany: sources

French luxury group LVMH offers to buy U.S jeweler Tiffany: sourcesLVMH, which has for years been looking for ways to expand in the U.S. market, submitted a preliminary, non-binding offer to Tiffany earlier this month, one of the sources said. Tiffany has hired advisers to review LVMH's offer but has not yet responded to it, and there is no certainty that it will negotiate a deal, one of the sources added. The exact price that LVMH was offering to buy Tiffany, which has a market capitalization of $11.9 billion, could not be learned.




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