LVMH Pulls Out of $16.2 Billion Deal with Tiffany & Co., Tiffany Files Lawsuit
After announcing a record-breaking deal last November, LVMH Moët Hennessy Louis Vuitton announced today that it would be scrapping its $16.2 billion acquisition of U.S. jewelry brand Tiffany & Co.Meanwhile, Tiffany & Co. has filed a lawsuit.for $16.2 billion last November, LVMH Moët Hennessy Louis Vuitton said today that it would be scrapping the acquisitions.
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LVMH Fires Back at Tiffany Over Timing of Court Battle'It is up to the Delaware court to determine who is in his right, and not the chairman of Tiffany through the press.'
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LVMH, Tiffany wrangle over court dates after acquisition turns sourLVMH tried on Thursday to block an attempt by Tiffany to fast-track legal proceedings in the United States to force the French luxury group to honour an acquisition deal agreed last year.
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Jilted Tiffany & Co. Fires Back at LVMHChairman Roger Farah said the luxury giant’s “shifting explanations” for pulling out of the $16.2 billion deal “indicate bad faith.”
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Jilted Tiffany & Co. Fires Back at LVMHChairman Roger Farah said the luxury giant’s “shifting explanations” for pulling out of the $16.2 billion deal “indicate bad faith.”
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LVMH, Tiffany wrangle over court dates after acquisition turns sourLVMH tried on Thursday to block an attempt by Tiffany to fast-track legal proceedings in the United States to force the French luxury group to honour an acquisition deal agreed last year.
Weiterlesen »
LVMH Fires Back at Tiffany Over Timing of Court Battle'It is up to the Delaware court to determine who is in his right, and not the chairman of Tiffany through the press.'
Weiterlesen »