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Tiffany Stock Dives After Report That Acquisition Is Uncertain

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.”



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