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Tiffany & Co Says Taiwan Fair Trade Commission Determined To Waive Its Jurisdiction Over The Merger
Tiffany & Co Says As Of September 25, Tiffany Has More Than $1.2 Billion In Cash And Has No Liquidity Constraints
-LVMH Says It Filed Countersuit Against Tiffany
LVMH Moet Hennessy Louis Vuitton SE is a France-based luxury group active in six sectors: Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, Selective Retailing and Other Activities. Wines and Spirits owns brands, such as Moet & Chandon, Krug, Veuve Clicquot, Hennessy and Chteau d’Yquem, among others. Fashion and Leather Goods owns brands, such as Luis Vuitton, Christian Dior and Givenchy, among others. Perfumes and Cosmetics owns brands, such as Parfums Christian Dior, Parfums Givenchy Guerlain, Benefit Cosmetics, Fresh and Make Up For Ever, among others. Watches and Jewelry owns brands, including TAG Heuer, Hublo, Zenith, Bulgari, Chaumet and Fred, among others. Selective Retailing owns the brands DFS, Miami Cruiseline, Sephora and Le Bon Marche Rive Gauche, among others. Other Activities includes lifestyle, culture and the arts brands, such as Les Echos, Royal Van Lent, and Cheval Blanc. The Company is active worldwide.
22, avenue Montaigne
Chairman and Chief Executive Officer, Member of the Executive Committee
Chief Financial Officer, Member of the Executive Committee
Chief Executive Officer - hospitality excellence division
Group Director of Human Resources and Synergies, Member of the Executive Committee
Development and Acquisitions, Member of the Executive Committee, Director
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Three investors in Tiffany & Co sued LVMH and two of its executives in Manhattan federal court Tuesday, saying the French luxury good giant's "illegal renunciation" of its $16 billion deal to buy the U.S. jeweler caused the value of their stock to drop by at least $10 million...
A war of words between LVMH and Tiffany escalated on Tuesday with the French group describing Tiffany's prospects as "dismal" and the U.S. jeweller accusing LVMH of improperly trying to renegotiate a takeover deal.
Tiffany & Co said on Tuesday LVMH's countersuit to drop its $16 billion bid for the U.S. jeweler was just an attempt to evade paying the full purchase price.
LVMH <LVMH.PA> countersued Tiffany & Co <TIF.N> on Monday, arguing the iconic U.S. jeweler's financial mismanagement in the pandemic permits the French luxury goods giant to walk away from its proposed $16 billion acquisition of the company.
LVMH countersued Tiffany & Co on Monday, arguing the latter's financial mismanagement in the COVID-19 pandemic permits the French luxury goods giant to walk away from its $16 billion acquisition of the iconic U.S. jeweler.
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
France's presidential palace asked the country's Foreign Minister Jean-Yves Le Drian to write to LVMH advising the luxury goods company to defer its purchase of U.S. jeweller Tiffany, two sources familiar with the letter's origins told Reuters.
French foreign minister Jean-Yves Le Drian said on Tuesday his intervention asking LVMH <LVMH.PA> to defer its acquisition of Tiffany <TIF.N> was normal and followed an enquiry from the French luxury goods group.
France's Elysee Palace asked Foreign Minister Jean-Yves Le Drian to send LVMH a letter advising the luxury goods group to defer its acquisition of U.S. jeweller Tiffany, according to two sources familiar with the discussions inside the government about the letter.
A U.S. court on Monday fast-tracked Tiffany & Co's lawsuit against French luxury goods conglomerate LVMH for trying to back out of its $16 billion deal to acquire the jeweler.
Tiffany is getting the time but not the date. A Delaware judge ruled for a speedy trial to decide whether LVMH must go ahead with its $16 billion takeover of the U.S. jeweler. The whole thing ought to be wrapped up in four days. But the three months until the trial starts...
A Delaware Chancery Court justice on Monday agreed to fast-track Tiffany & Co's lawsuit against French luxury goods conglomerate LVMH for trying to back out of its $16 billion deal to acquire the U.S. jeweler.
EU antitrust regulators will decide by Oct. 26 whether to clear French luxury goods giant LVMH's $16 billion acquisition of U.S. jeweler Tiffany, according to a European Commission filing.
LVMH said on Friday it had submitted its troubled takeover of Tiffany, which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings.
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
LVMH <LVMH.PA> tried on Thursday to block an attempt by Tiffany <TIF.N> to fast-track legal proceedings in the United States to force the French luxury group to honour an acquisition deal agreed last year.
LVMH said on Thursday it had asked a U.S. court to reject a request by U.S. jeweller Tiffany, which is seeking to fast-track legal proceedings over its troubled $16 billion acquisition by the French luxury group.
Private equity giant TPG Capital Management LP is in talks to buy Australian bootmaker R.M. Williams from French fashion giant LVMH Moet Hennessy Louis Vuitton SE <LVMH.PA>, the Australian Financial Review (AFR) reported on Wednesday.
French Finance Minister Bruno Le Maire said Foreign Minister Jean-Yves Le Drian was within his rights to ask LVMH to postpone a takeover of U.S. jeweler Tiffany, an intervention that threatens to derail the deal.
French Finance Minister Bruno Le Maire on Monday backed an intervention by the country's foreign minister Jean-Yves Le Drian in luxury goods giant LVMH's plans to back out of a takeover of U.S. jeweler Tiffany.
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