The owner of luxury brands such as Louis Vuitton and Givenchy has made a bid to take over the iconic jeweler, Tiffany & Co.
LVMH is offering a $14.5 billion in an effort to add the crown jewel to its collection.
The group has approached the New York-based Tiffany with the takeover proposal.
Tiffany has struggled lately with sales, and is reportedly evaluating the all-cash bid.
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