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LVMH wants to renegotiate $16.2 billion Tiffany deal

LVMH wants to renegotiate $16.2 billion Tiffany deal

LVMH CEO Bernard Arnault is considering options to reopen the negotiations on the French luxury goods giant’s $16.2 billion acquisition of jewelry chain Tiffany & Co. The US social unrest and the coronavirus pandemic has weighed on the retail sector. LVMH had agreed to acquire Tiffany in November for $135 per share, but the deal is yet to be closed, awaiting regulatory approvals.

Milan
Milan
Top in Business