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LVMH’s Tiffany Project to Wind Through European Antitrust Procedures

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The potential LVMH/Tiffany merger entered the first phase of a European Commission investigation.

PARIS — While LVMH Moët Hennessy Louis Vuitton and Tiffany & Co. are poised for a stand-off in the Delaware Chancery court today, the beleaguered acquisition project has embarked on an altogether different journey with European competition authorities — one seeking regulatory approval.

LVMH said earlier this month it could not go through with the $16.2 billion acquisition, the largest in the history of the luxury sector, because the French government had asked it to delay the closing in light of an ongoing trade spat with Washington.

 

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