Paris-based LVMH Moët Hennessy Louis Vuitton SE announced Nov. 25 it had entered into an agreement to acquire New York-based jewelry brand Tiffany & Co. The acquisition is valued at approximately $16.2 billion, the companies said in a statement, and was announced around one month after LVMH first confirmed it was examining the possibility of a transaction with Tiffany. Tiffany and Louis Vuitton also operate stores in the Galleria, and both brands have additional Texas locations in the Austin, Dallas-Fort Worth and San Antonio areas. Louis Vuitton also operates a client service center out of Irving at 4200 Regent Blvd., Ste. C200, Irving. www.us.louisvuitton.com