Tiffany takeover by LVMH now back on track

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Tiffany ring by Paloma Picasso
Tiffany ring by Paloma Picasso Credit: flickr

THE much-reported spat between luxury brands LVMH (Louis Vuitton, Moët, Hennessy) and Tiffany which led to name calling and a law suit appears to be about to end amicably with a takeover now in sight.

A deal was agreed for LMVH to purchase Tiffany but the French brand decided it wanted to pull out due to turndown in sales following the lockdown so Tiffany sued them as it wanted the deal to proceed.

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The new deal sees a reduction of around €360 million from the €13.5 billion originally agreed.

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