LVMH Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories for men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

Tiffany & Co.

Louis Vuitton owner LVMH said, among a number of things, Tiffany has mismanaged the coronavirus crisis. 

LVMH plans to sue Tiffany over troubled deal, alleges jeweler mismanaged coronavirus crisis

Luxury goods group LVMH said on Thursday it would sue Tiffany , to fight off the U.S. jeweller's accusations that it was deliberately trying to bow out of an acquisition deal and to challenge its handling of the coronavirus crisis.

LVMH to counter sue Tiffany in fight over troubled takeover

LVMH intends to file a lawsuit in Delaware against Tiffany as a result of its crisis mismanagement

LVMH's plans to end its $16 billion acquisition of U.S. jeweler Tiffany & Co follows roughly 1,900 deals that have been cancelled, renegotiated or disputed around the world since the start of the COVID-19 pandemic, according to S&P Global Market Intelligence.

Factbox: LVMH's bid for Tiffany only the latest victim of COVID-19 pandemic

A letter sent to luxury goods group LVMH by the French foreign ministry requesting it delay its $16 billion purchase of U.S. jeweller Tiffany to early January was not binding, a French government source said.

Exclusive: French government request that LVMH delay Tiffany deal was only advice

Luxury group says it cannot go ahead with buyout of jeweller, blaming ‘succession of events’

Tiffany sues LVMH for scrapping $16bn takeover

M&A news of LVMH backing out of its $16.2 billion deal with Tiffany & Co. from November 2019 has TIF stock taking a beating on Wednesday.

M&A News: Tiffany & Co. (TIF) Stock Tanks 8% as LVMH Cancels Deal

Luxury fashion house cites potential tariffs on French goods and Tiffany's request to extend deal deadline as reasons for termination

Tiffany Shares Lose Their Sparkle as LVMH Pulls the Plug on $16.2 Billion Deal

Luxury goods group LVMH's financial chief said on Wednesday it was no longer possible for the conglomerate to carry out its $16 billion acquisition of Tiffany after the French government asked it to delay closure deadlines.

LVMH says Tiffany acquisition 'cannot happen'

Pre-market futures are clawing back some of their losses from three days of sell-off carnage, whereby the tech-heavy Nasdaq index has since fallen 10%.

Markets Try to Claw Back, Tiffany Deal in Question

The jeweler says the luxury conglomerate didn't even try to complete the required steps to close the deal.

Tiffany Sues as LVMH Backs Out of $16 Billion Acquisition

The French can be touchy. A current example: French Minister for Europe and Foreign Affairs, Jean-Yves Le Drian, has asked LVMH Moët Hennessy Louis Vuitton CEO Bernard Arnault to delay LVMH’s acquisition of Tiffany & Co.

US, EU Tariff War Apparently Scuttles LVMH Acquisition of Tiffany

Tiffany & Co (NYSE: TIF) shares are trading lower on Wednesday after LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) called off a deal to buy jeweler.

Tiffany Falls On Report Company Will Sue LVMH Over Delayed Takeover

LVMH just left Tiffany at the altar. The French luxury conglomerate said Wednesday that it’s walking away from its $16.2 billion takeover of the storied New York jeweler — but Tiffany said it’s suing to keep the deal intact.

Tiffany sues LVMH as French luxury giant walks away from acquisition deal

The world’s biggest luxury conglomerate looks to be entering into an acrimonious split with Tiffany, which it agreed to buy for a record $16.2 billion last November.

LVMH Calls Off Bid To Buy Tiffany & Co., Jeweler Sues Luxury Conglomerate

Louis Vuitton owner LVMH is scrapping its $16.2 billion acquisition of Tiffany.

LVMH scraps $16.2 billion deal with Tiffany

LVMH says it can't complete its planned acquisition of Tiffany, which would have been the biggest luxury goods deal in history.

LVMH says it can't complete its planned acquisition of Tiffany

LVMH Press Release

LVMH Moet Hennessy MC, -0.49% said it will not be able to complete the previously announced takeover of U.S.

LVMH Moet Hennessy says it won't be able to buy Tiffany

French luxury goods giant LVMH warned on Wednesday it was set to walk away from its planned takeover of U.S. jeweler Tiffany , due to complications arising over the deal.

LVMH warns it is set to drop planned Tiffany takeover

Almost eight months after French luxury goods giant LVMH Moet Hennessy Louis Vuitton SA (OTC: LVMH) and U.S.

The Tiffany's and Louis Vuitton Engagement Will Take Longer Than Anticipated

Under the deal terms, Tiffany and LVMH set Aug. 24 as the first deadline to complete, but with the proviso that one of the parties could push back that deadline as far as Nov.

LVMH and Tiffany push back deal deadline by 3 months, source says

French luxury goods giant LVMH and U.S. jewellery chain Tiffany will give themselves another three months to complete their $16.2 billion tie-up after the deal did not close on the Aug.

LVMH and Tiffany push back deal deadline by three months: source

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