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LVMH countersues Tiffany, escalating battle over US jeweler’s soured acquisition deal

September 29, 2020

LVMH hesitates to put the ring on the Tiffany finger. Image credit: Tiffany for T1 LVMH hesitates to put the ring on the Tiffany finger. Image credit: Tiffany for T1

 

By Luxury Daily News Service

Only weeks after walking back its commitment to buy Tiffany & Co., French luxury conglomerate LVMH Moët Hennessy Louis Vuitton late Sept. 28 evening countersued on grounds that the U.S. jeweler’s business was deeply damaged by the COVID-19 pandemic and mismanagement.

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  1. Kering to acquire jewelry manufacturer Raselli Franco Group
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  5. Dior builds five-story statement flagship in Beijing
  6. Louis Vuitton introduces Visionary Journeys Seoul
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  8. Lamborghini heads to French Alps for women-led driving series
  9. Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’
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Happy Holidays!