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revenues of nearly 47000000000 euros last year most of it from its leather in fashion division with brands like louis vitol and the your it s luxury department store holdings are nearly as big tiffany will fit into its watches and jewelry division currently one of its smaller units although they may continue to grow organically i mean these are hoping the brand. new way to keep on growing is of course to acquire and significant company. the mh says acquiring tiffany will transform its jewelry business and strengthen its presence in the united states as luxury shoppers in asia are hit by the global slowdown. and for more on this let s go now to our financial correspondent and new york ian s korda yens a 182 year history as
platform in africa and it becomes part of a public private network now active and reserve europe and africa. friends luxury goods giant a f.e.m.a. has clinched the takeover of u.s. jeweler tiffany takeover is a win for both companies many analysts say tiffany has been trailing rivals in sales growth in recent years and the mh hopes the deal will boost its presence in the u.s. the mh is owned by francis richest man. its fashion division includes prestigious brad scythe with tall christiane the awe and consult its watches and jewelry section comprises bulgaria and todd high out of a have ages also represented in wines and spirits buying wish on the all that s also active in the hotel business the $16200000000.00 deal will be made his biggest acquisition to date a luxury brand as american as skyscrapers now to be taken over by l b m h