LVMH has approached Tiffany & Co. with an acquisition offer, according to FashionNetwork.
According to sources, LVMH submitted a preliminary, non-binding offer earlier this month, as it sees the opportunity as a chance to expand in the US market.
Tiffany has hired advisors to look over the proposal, but is yet to respond.
The price offered is yet to be revealed, but the brand has a market capitalisation of $11.9 billion.
