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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