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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. 35pc of aspirational consumers reduced or paused luxury spending in past year: BCG, Altagamma
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  3. Luxury Unfiltered: When was the last time you truly surprised your client?
  4. Aston Martin, ELEMIS skincare join forces
  5. Schiaparelli exhibition coming to UK’s V&A
  6. Off the Cuff: A Q&A with The Calendar Group's Nathalie Laitmon
  7. Ulta Beauty acquires UK-based Space NK
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