LVMH pulls out of US$16 billion takeover deal with Tiffany & Co

Tiffany & Co isn’t backing down from a fight with LVMH. Trade tensions between Paris and Washington are boiling over, as the world’s largest luxury conglomerate, LVMH has decided to pull out of a US$16 billion takeover deal with renowned US jewellery Tiffany & Co. The decision was made after the French government urged the…

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