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LVMH will take US justice against Tiffany

2020-09-10T11:56:10.271Z


The luxury giant denounces the "bad faith" of the American jeweler, the day after the suspension of their merger operation at 16.2 billion dollars.


The luxury giant LVMH announced Thursday that it would take American justice against the American jeweler Tiffany, which he accuses of "

bad faith

", the day after the suspension of their merger operation at 16.2 billion dollars.

To read also: LVMH-Tiffany: the underside of a Franco-American clash

Bernard Arnault's group, in a press release, indicates that they "

learned with astonishment of the legal action filed against the group by Tiffany in the Delaware civil court

" and considers that "

this action is completely unfounded. It has obviously been prepared for a long time by Tiffany and has been communicated in a manner that is misleading for shareholders and defamatory

”, he denounces.

Source: lefigaro

All business articles on 2020-09-10

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