After announcing a record-breaking deal last November, LVMH Moët Hennessy Louis Vuitton announced today that it would be scrapping its $16.2 billion acquisition of U.S. jewelry brand Tiffany & Co.Meanwhile, Tiffany & Co. has filed a lawsuit.for $16.2 billion last November, LVMH Moët Hennessy Louis Vuitton said today that it would be scrapping the acquisitions.
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LVMH, Tiffany wrangle over court dates after acquisition turns sourLVMH tried on Thursday 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. Tiffany’s left at the alter... hell hath no fury....
Source: Reuters - 🏆 2. / 97 Read more »
LVMH, Tiffany wrangle over court dates after acquisition turns sourLVMH tried on Thursday 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. Tiffany’s left at the alter... hell hath no fury....
Source: Reuters - 🏆 2. / 97 Read more »