Tiffany sues LVMH for ditching $16 billion takeover
Shortpedia
Content Team
Image Credit: shortpedia
A legal battle has broken out between two of the world's biggest luxury goods groups after LVMH ditched its planned $16.2 billion takeover of the New York jeweller Tiffany. Bernard Arnault's luxury goods empire, which owns brands such as Louis Vuitton, said it could not go ahead with the the acquisition because it had been undermined by a succession of events. These include an intervention this month by the French govt.
