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Breakingviews

Breakingviews TV: Bling tantrum

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After kicking up a major fuss to wriggle out of its $16 bln Tiffany deal, LVMH’s tycoon Bernard Arnault decided he was happy to buy the jeweller after all. The new terms imply a tiny discount, explains Lisa Jucca. That won’t compensate for the long-term hit to LVMH’s reputation.

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