News Formal

LVMH, Tiffany wrangle over court dates after acquisition turns sour

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

LVMH said on Thursday it had asked a U.S. court to reject a request by U.S. jeweller Tiffany , which is seeking to fast-track legal proceedings ...

PARIS: LVMH on Thursday tried to block an attempt by Tiffany to fast-track legal proceedings in the United States to force the French luxury group to honour an acquisition deal agreed last year.

LVMH, run by France's richest man Bernard Arnault, said in a statement it saw no reason to fast-track the case and argued that having a trial in six to seven months' time would allow the parties to prepare properly.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gaming group Embracer expands in VR with Vertigo Games acquisitionSTOCKHOLM: Swedish game developer Embracer has agreed to buy Netherlands-based virtual reality (VR) games maker Vertigo Games for 50 million euros ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »