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The European Commission is going to give the green light to the proposed acquisition of the American jeweler Tiffany by the French luxury goods giant LVMH, a $16 billion (13.7 billion euro) deal that has now been called into question by the legal battle between the two groups.
Bernard Arnault’s group announced on September 9 that it could no longer “as is” complete the acquisition of Tiffany, citing in particular the management of the jeweler during the epidemic and a request from the French Ministry of Foreign Affairs to postpone the marriage “in reaction to the threat of taxes on French products formulated by the United States”.
Read also > STOCK MARKET: LVMH STABLE, DESPITE THE LAWSUIT AGAINST TIFFANY
Featured photo: © LVMH[/vc_column_text][/vc_column][/vc_row]
