PARIS — In a televised interview, France’s finance minister Bruno Le Maire defended the involvement of the country’s foreign affairs minister in LVMH Moët Hennessy Louis Vuitton’s soured deal to purchase Tiffany & Co.
“It’s the role of the minister of foreign affairs to take all the measures he deems necessary to protect French interests,” he continued, speaking on television channel French 2 Monday. LVMH executives have bristled at suggestions that LVMH lobbied the French government to help it find a loophole to call off the Tiffany transaction.
Le Maire steered the interview to the subject of a digital tax, stressing his intentions to pursue those plans, which are at the root of the French-American trade dispute.
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