LVMH's $16.2 billion deal to acquire Tiffany is looking uncertain: WWD report - Business Insider

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LVMH's deal to acquire Tiffany & Co is looking increasingly uncertain, according to a new WWD report.

Sources told WWD that LVMH also expressed concerns about Tiffany's ability to cover all its debt covenants at the end of the transaction.French luxury goods group LVMH's $16.

The French company's board also voiced concerns about Tiffany's ability to cover all its debt covenants at the end of the transaction, which was expected to be concluded mid-year, WWD reported.Louis Vuitton owner LVMH agreed in November to buy Tiffany for $16.2 billion in its biggest acquisition yet.

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