HANDBAGS AT DAWN The LVMH filing is the latest salvo in a battle that will determine the fate of a deal struck last year. An expedited trial has been scheduled for early January, although the companies could settle before then
HANDBAGS AT DAWN The LVMH filing is the latest salvo in a battle that will determine the fate of a deal struck last year. An expedited trial has been scheduled for early January, although the companies could settle before then

A "catastrophic" performance since the Covid-19 pandemic started has left Tiffany with "dismal" prospects for the future, according to French luxury conglomerate LVMH, which until recently wanted to buy the high-end US jeweller for $16.6bn.

LVMH made the stinging attack on Tiffany and its management in a lawsuit launched this week, in which it is seeking a judge’s blessing to walk away from the deal.

Financial Times

Nervous conditions

Investors are being forced to rethink their bearish outlooks for the dollar, after mounting worries about a messy US election stoked a recovery in the currency.

Expectations of volatility have risen as investors brace for a disputed outcome in the race between President Donald Trump and his Democratic rival Joe Biden. As a result, large banks and investors have started to reconsider their view of the dollar’s path for the rest of the year, reversing some of the greenback’s recent weakness.

Financial Times

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