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tiffany and company

Tiffany sues LVMH to enforce merger agreement

3 mins read

The FINANCIAL — Tiffany & Company on Wednesday stated that it had filed a lawsuit against LVMH Moët Hennessy Louis Vuitton to force the company to move forward with its $16.2 billion deal to buy the retailer. In the most high-profile example of how deals agreed before the COVID-19 pandemic have soured, Tiffany will file a lawsuit with the Delaware Court of Chancery on Wednesday seeking to force LVMH to close the transaction by the November 24 deadline, according to people close to the matter. There has been concern for months that LVMH would seek to renegotiate the deal, which was…

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Tiffany sues LVMH to enforce merger agreement

3 mins read

The FINANCIAL — Tiffany & Company on Wednesday stated that it had filed a lawsuit against LVMH Moët Hennessy Louis Vuitton to force the company to move forward with its $16.2 billion deal to buy the retailer. In the most high-profile example of how deals agreed before the COVID-19 pandemic have soured, Tiffany will file a…