Tag: Tiffany

Love turns to hate as LVMH sues ‘dismal’ Tiffany

Image copyright Reuters LVMH once said that Tiffany “stood for love” but it now describes the New York jeweller as a “mismanaged” company with “dismal” prospects. The Louis Vuitton-owner made the claims in a countersuit against Tiffany in a dispute over a $16.2bn takeover deal. LVMH claims Tiffany is no longer the business it agreed to buy last November before… Read more →

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Louis Vuitton casts doubt over $16bn Tiffany takeover

Image copyright Donaldson Collection Image caption The 1961 film Breakfast at Tiffany’s film, starring Audrey Hepburn, made the store famous The world’s biggest luxury goods firm, LVMH, has cast doubt over its planned $16bn (£12.5bn) takeover of US-based jeweller Tiffany. LVMH agreed to acquire Tiffany last November, but coronavirus-induced turmoil on financial markets has overshadowed the deal. After days of… Read more →