LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury goods conglomerate, announced plans last November to acquire Tiffany & Company. The $16 billion transaction was set to be the
largest ever in the luxury sector. “Nine months later, the agreement is in tatters,” according to
The New York Times. “LVMH said that it was pulling out of the deal, citing a
highly unusual request by the French government to delay the closing as well as the damage caused to the luxury industry by the pandemic. In turn, Tiffany sued the luxury giant in an effort to force
the deal through.”
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