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[update] LVMH to Purchase Tiffany & Co.

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Tiffany x LVMH is a possibility.

LVMH has offered to acquire Tiffany in a deal that would value Tiffany at $14.5 billion, per media reports. The deal is far from certain, LVMH has said.

LVMH recently had strong results in cosmetics and fragrances.

Tiffany previously established a fragrance licensing partnership with Coty.

Update:

According to an article on CNN.com, LVMH will purchase the luxury jeweler for around $16.2 billion. This is reportedly one of the largest deals in the history of the luxury sector and in the career of LVMH CEO Bernard Arnault.