US-based Tiffany says it is “reviewing” a takeover offer worth about $14.5bn (£11.3bn) from the world’s biggest luxury goods company, LVMH.

The companies confirmed the offer in separate statements on Monday, with the 182-year-old Tiffany saying there are currently no talks.

LVMH, owned by France’s richest man, Bernard Arnault, has brands including Christian Dior, Givenchy, and Bulgari.

Jewelry has been one of the fastest growth spots in the luxury sector.

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