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Legal

LVMH, post-countersuit against Tiffany, issues statement that “conditions to close the acquisition are not met”

September 29, 2020

Exterior rendering of the renovated Tiffany & Co. flagship. Image courtesy of Tiffany & Co. Exterior rendering of the renovated Tiffany & Co. flagship on Fifth Avenue. Image courtesy of Tiffany & Co.

 

By Luxury Daily News Service

LVMH issued a statement Sept. 29 morning only hours after the French luxury conglomerate countersued Tiffany & Co. to claim that conditions to close the planned $16.2 billion acquisition of the U.S. jeweler were not met.

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  1. Kering to acquire jewelry manufacturer Raselli Franco Group
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