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Tiffany - LVMH: a war of nerves at 16 billion dollars

2020-09-28T17:48:08.349Z

INVESTIGATION - At the beginning of January, a Delaware court will decide whether LVMH should launch its takeover bid or whether it can stop it. Both parties are sharpening their arguments for trial.



"A bad arrangement is better than a good trial."

Roger Farah, the president of Tiffany, and Bernard Arnault, the CEO of LVMH, may have been pondering this Balzacian maxim since the Delaware civil court began, on September 21, to consider the dispute between the American jeweler and the giant French luxury.

That day, after an hour and a half of debates on Zoom, Judge Joe Slights urged the two parties to negotiate to avoid the trial demanded by Tiffany, whose date he had just set for January 5, 2021:

“S 'acting from two companies so well associated with the holiday season, there may be productive discussions to avoid a lawsuit.

To read also:

Bernard Arnault: "Tiffany, it is an icon of America which becomes a little French"

While Christmas shopping promises to be crucial for their business, undermined by the coronavirus pandemic, Tiffany and LVMH have three months to prepare for a four-day trial ... and, at the same time, arm themselves in order to arrive in a strong position to negotiate an arrangement.

The challenge?

The price of the Tiffany buyout

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Source: lefigaro

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