LVMH Counter-Sues Tiffany & Co. After Collapse of Acquisition Deal

Only a day after Tiffany & Co. initiated a lawsuit against LVMH, the French conglomerate has struck back with its own counter suit. In its response, LVMH accused Tiffany of slander, misdirection and mismanagement, particularly in relation to the coronavirus pandemic.The the $16.2 billion USD acquisition crumbled after LVMH reported another delay, which may have pushed the purchase of Tiffany & Co. back to January 2021 to reportedly honor regulatory approvals. In light of perceived sluggishness (...