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Legal

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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