Mining giant digs into remaining De Beers retail stake
March 24, 2017
Accessories | Houston, TX | Corporate Acquisition
De Beers, the diamond unit of mining giant Anglo American (LON: AAL), has scooped up the 50% stake it didn't already own in De Beers Diamond Jewellers from French luxury goods company LVMH (EPA: LVMH) to take full control of the business. The acquired division's retail network includes 32 stores in 17 countries.