The Marriage is off: LVMH Backs Out, Tiffany Sues

Retail and Consumer Confidence
09/09/2020 13:18

Media reports say LVMH has now definitively backed out of the US$16 billion deal that would merge Tiffany with the French luxury conglomerate. In a response, Tiffany has allegedly filed a lawsuit against LVMH, denouncing LVMH's claim that Tiffany had breached its obligations as stipulated in the merger agreement.