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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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  4. Gucci studies connection in spring/summer 2025 campaign
  5. Dior dives into French Riviera with escapist fragrance
  6. Brioni launches anniversary capsule at Bergdorf Goodman
  7. Piaget fetes sixth year of USPA Gold Cup sponsorship with new timepiece
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