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The acquisition of Tiffany by LVMH is considered the largest acquisition in the luxury industry by several media and analysts. REUTERS / Gonzalo Fuentes

LVMH strengthens its presence in the United States, with Tiffany, the leading luxury brand in the US.

" An icon of America that becomes a bit French ." This is how the boss of the LVMH group, Bernard Arnault, announced the financial transaction on Monday. An operation that values ​​Tiffany, to a record sum: $ 16.2 billion (about 14.7 billion euros).

The French luxury giant has proposed $ 135 per share Tiffany. This is well above the price offered in the first offer, made in October.

This is the largest acquisition ever made by the group of Bernard Arnault, owner of the brands Louis Vuitton and Christian Dior.

Soon number one of the sector?

This will enable the French group to develop its activities in the United States, its second largest market. And also to strengthen its presence in the high-end jewelery sector, the only luxury sector where it is not number one.

In this area, LVMH already owns the Italian Bulgari, bought in 2011, and the French Chaumet. He will now have in his portfolio the American Tiffany, whose diamond is the key activity.

The brand, known worldwide, has a network of 320 stores worldwide. Tiffany's sales reached $ 4.4 billion last year.