LVMH reviewing Tiffany deal as virus, protests roil U.S. economy

LVMH reviewing Tiffany deal as virus, protests roil U.S. economy

bizjournals

Published

French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton confirmed Wednesday that it is reviewing its offer to buy Tiffany & Co. for $16.2 billion due to the impact of the Covid-19 pandemic and racial unrest on the U.S. economy, but denied rumors it would buy Tiffany shares "on the market" to take advantage of a sharp drop in value. In a statement issued to Women’s Wear Daily, LVMH said its board of directors met June 2 to primarily discuss the potential impact of the pandemic on Tiffany…

Full Article