© Reuters. FILE PHOTO: A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris
PARIS (Reuters) – LVMH said on Thursday it would sue Tiffany (N:), the U.S. jeweller which it had agreed to acquire, for its handling of the coronavirus pandemic and to refute accusations it was trying to deliberately bow out of the deal.
LVMH, led by billionaire Bernard Arnault, has said it cannot complete the $16 billion Tiffany acquisition after the French government requested a delay on closing the transaction.
Disclaimer: Fusion Media
would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.