LVMH cancels $14.5b deal for Tiffany

Increase FontSize

Decrease FontSize

14-Sep-2020

Related Topics

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

Name (required) *

Mail (will not be published) (required) * Invalid Email

Website

*

Videos

Celebrity News

Deema Al Asadi wears Samra’s Thaman Collection

Eva Longoria Dazzles at Cannes in Pasquale Bruni’s Aleluiá Collection

Princess Maria Chiara and Princess Maria Carolina di Borbone in Damiani High Jewelry at 2025 Cannes Film Festival

Deema Al Asadi wears Samra’s Thaman Collection

Eva Longoria Dazzles at Cannes in Pasquale Bruni’s Aleluiá Collection

Princess Maria Chiara and Princess Maria Carolina di Borbone in Damiani High Jewelry at 2025 Cannes Film Festival

Calendar of Events

Exhibition & Events

GJEPC’s Jewellers for Hope Marks a Decade of Giving with Impact and Star Power

Impact of US Reciprocal Tariffs on Indian Gem & Jewellery Exports

The Vicenza Symposium: At the Heart of Its Mission, a Conscious, High-Tech, and Sustainable Future for Jewellery and Fashion

GJEPC’s Jewellers for Hope Marks a Decade of Giving with Impact and Star Power

Impact of US Reciprocal Tariffs on Indian Gem & Jewellery Exports

The Vicenza Symposium: At the Heart of Its Mission, a Conscious, High-Tech, and Sustainable Future for Jewellery and Fashion

Our Group Websites