The two companies reached an agreement on the acquisition of the u.s. smykkekæde Monday.

It writes Reuters.

The French luksuskoncern, among other things, are behind the brand of Louis Vuitton, announces in a statement that it expects to complete the deal sometime in the middle of next year.

LVMH has according to Bloomberg agreed to pay 135 dollars Vevobahis per. share of the us jewellery company, which ends up with a total cost of 16 billion dollars - equivalent to almost 109 billion Danish kroner.

According to the u.s. media is the deal the largest in the field of luxury goods ever.

the Deal marks a new chapter for LVMH, which has Bernard Arnault, Europe's richest person, at the head as president. The company has not in the past been so dominant in the jewellery market.

LVMH is also behind the Christian Dior and Dom Perignon Champagne.