The world's biggest luxury goods company is buying US-based jeweller Tiffany & Co for more than $16bn. 全球最大奢侈品公司将以逾160亿美元（约合人民币1125亿元）的价格收购美国珠宝公司蒂凡尼。
The largest luxury goods deal to date gives LVMH's billionaire owner Bernard Arnault a bigger slice of one of the fastest growing upmarket sectors1
He said Tiffany had an "unparalleled heritage" and fitted with his other brands.
Tiffany has been hit by lower spending by tourists and a strong US dollar.
Tiffany is something of a New York institution and its flagship store is next to Trump2
Tower on 5th Avenue. The company hit global fame after being featured in the 1961 Audrey Hepburn film Breakfast at Tiffany's.
Founded in 1837, it employs more than 14,000 people and operates about 300 stores.
Mr Arnault has coveted3
the business since buying the Bulgari brand in 2011 for $5.2bn.
LVMH has 75 brands, 156,000 employees and a network of more than 4,590 stores. Its other brands include Kenzo, Tag Heuer, Dom Pérignon, Moet & Chandon, and Christian4