LVMH Drops $14.5B Deal For Tiffany, Cites US Tariffs Threat

The $14.5 billion deal was scheduled to close Nov. 24.

Tiffany replied that its suing to enforce the merger agreement, which was signed in November 2019. The New York company said LVMHs argument has no basis in French law. Tiffany also said that LVMH hasnt even attempted to seek antitrust approval from three jurisdictions.

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