LVMH cancels $14.5b deal for Tiffany

Increase FontSizeDecrease FontSize
14-Sep-2020

Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. tariffs and amid wider industry troubles caused by the pandemic. The Paris-based conglomerate said that both the French government and Tiffany had requested that the closing of the deal be postponed by a few months. The French government, it said, wanted to assess the impact of the possible U.S. tariffs on French goods. As a result, LVMH said, the $14.5 billion deal that was scheduled to close Nov. 24 will be canceled.

 

Post a comment

 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Celebrity News

Paris Hilton wears Chopard to the 12th Breakthrough Prize Ceremony in Los Angeles

Actress Zendaya Wears Exquisite Jewelleries by CINDY CHAO

Hollywood Stars Shine in Chopard at the 2026 Vanity Fair Oscar Part

Calendar of Events

Exhibition & Events

IGJS Jaipur 2026 Strengthens India’s Position as Global Sourcing Hub

Amanqi Presents Middle Eastern Fine Jewellery Talent in Geneva

Bvlgari’s Lucia Silvestri Gives Away Top Honours at The Artisan Jewellery Design Awards 2026

Our Group Websites

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player