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French luxury group LVMH will buy Tiffany for PARIS French luxury group LVMH has agreed to buy New York jeweler Tiffany Co. for $16.2 billion, adding a famed star to its portfolio that already boasts Louis Vuitton, Christian Dior and Bulgari. LVMH said in a statement Monday it will take over the 182 year old Tiffany and its 300 boutiques worldwide at $135 a share. The price tag is higher than the $14.5 billion cash offer LVMH made last month. Tiffany, known for its delicate jewelry, distinctive blue boxes and an Audrey Hepburn movie, Designer Louis Vuitton Replica Handbags says the deal will ensure its long term sustainability. The company is trying to transform its brand to appeal to fake louis bag younger and more digital shoppers, and could use an owner with deep pockets to help expand its business. Tiffany's stock cheap louis vuitton bags from china uk closed Monday up more than 6 percent in New York, while LVMH rose 2 percent in Paris. market. The purchase will help the