(ANSA) - MILAN, 09 SEPT - LVMH, at present, it is not in the conditions to proceed with the purchase of Tiffany. The law in a note from the French group that decided to atteners the initial merger agreement signed last November which envisaged as the last deadline for the closing of the agreement the date of November 24, 2020.
The fashion giant announces that it has received a letter from the French minister for Europe and Foreign Affairs with the request to postpone the acquisition operation beyond January 6, 2021 in the face of threats from the United States to tax French assets.
The group then reports that it has received a further request from Tiffany to postpone the deal from 24 November to 31 December 2020. (ANSA).