Louis Vuitton owner LVMH has pulled out of its $16 billion takeover of Tiffany, which would have been the biggest-ever acquisition in the luxury sector

Louis Vuitton owner LVMH has pulled out of its $16 billion takeover of Tiffany, which would have been the biggest-ever acquisition in the luxury sector

Business Insider

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LVMH announced it would pull out of the takeover hours after Tiffany said it was taking legal action over delays to the deal.

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