LVMH retaliates against Tiffany in troubled deal
Luxury goods group accuses Tiffany of mismanagement through the coronavirus crisis
10 September 2020 - 20:18
Paris — Luxury goods group LVMH said on Thursday it would countersue Tiffany, accusing it of mismanagement through the coronavirus crisis after the US jeweller accused the French group of trying to bow out of a $16bn acquisition deal.
The owner of brands such as Louis Vuitton, led by billionaire Bernard Arnault, said on Wednesday it could not complete its Tiffany purchase after the French government requested a delay on closing the transaction...
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