Tiffany and Co.
stock values plunged after Women’s Wear Dailyreported LVMH’s
$16 billion deal to buy the jeweler is uncertain. “The economic fallout from the pandemic has disrupted or derailed a number of prominent deals, including L Brands Inc.’s agreement to sell
a majority stake in Victoria’s Secret to private-equity firm Sycamore Partners,” per Bloomberg. “If the LVMH-Tiffany tie-up falls apart, it would be one of the largest so
far related to Covid-19.”advertisement
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Read the whole story at Bloomberg »
