According to reports, LVMH (PARIS:MC.PA -5.14%) is currently in talks to acquire Ralph Lauren (NYSE:RL -0.41%) . The American publicly traded fashion company was founded in 1967 by American fashion designer Ralph Lauren and stands as one of the most influential imprints in fashion.

Reports note that the French holding multinational corporation and conglomerate has had some “exploratory discussions” with Ralph Lauren Corporation. The talks are said to have taken place over the last two years and a merger between the two could be a monumental moment in fashion. Sources are also noting that Ralph Lauren Corporation CCO and chairperson, Ralph Lauren is currently deciding on a succession plan.

Word of LVMH acquiring Ralph Lauren comes after the French holding multinational corporation and conglomerate specializing in luxury goods completed its acquisition of Tiffany & Co.

Stay tuned for more details as the story develops.

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