LVMH said on Thursday it would sue Tiffany , the U.S. jeweller which it had agreed to acquire, for its handling of the coronavirus pandemic and to refute accusations it was trying to deliberately bow out of the deal.
FILE PHOTO: A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. REUTERS/Christian Hartmann/File Photo
PARIS - LVMH LVMGH.PA said on Thursday it would sue Tiffany , the U.S. jeweller which it had agreed to acquire, for its handling of the coronavirus pandemic and to refute accusations it was trying to deliberately bow out of the deal. LVMH, led by billionaire Bernard Arnault, has said it cannot complete the $16 billion Tiffany acquisition after the French government requested a delay on closing the transaction.
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