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Wilmington/New York — Tiffany & Co have launched a new verbal broadside against LVMH, saying the French luxury giant’s justification for backing away from a $16bn acquisition of the jeweller is baseless and misleading.

The riposte came after LVMH counter-sued Tiffany on Monday, weeks after moving to end its purchase of the iconic New York-based brand. The owner of Louis Vuitton said the decision was driven by the French government’s request to delay the deal’s closing and Tiffany’s mismanagement during the pandemic — a claim the jeweller dismissed as nonsense...

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