Tiffany and LVMH will face off in court for the first time on Monday.
PARIS — LVMH Moët Hennessy Louis Vuitton said on Friday it has submitted the proposed acquisition of Tiffany & Co. to the European Commission for antitrust review, in a move that appeared calculated to deprive the American jeweler of some of its ammunition in the pending lawsuit over the deal.
In a lawsuit filed in Delaware Chancery Court, Tiffany accused LVMH of slow-walking the regulatory approval of the agreement in the European Union. LVMH countered that it was working through the regulatory approvals and also said it was disappointed in how Tiffany was managed during the coronavirus crisis.
“Eight of the 10 requisite antitrust clearances have already been obtained. LVMH expects to receive approval from the European Commission and Taiwan well before the Nov. 24, 2020 outside date,” it added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LVMH Pulls Out of $16.2 Billion Deal with Tiffany & Co., Tiffany SuesThe acquisition, originally made last November, would have been the largest the luxury industry has seen.
Read more »
LVMH, Tiffany wrangle over court dates after acquisition turns sourLVMH tried on Thursday to block an attempt by Tiffany to fast-track legal proceedings in the United States to force the French luxury group to honour an acquisition deal agreed last year.
Read more »
LVMH Fires Back at Tiffany Over Timing of Court Battle'It is up to the Delaware court to determine who is in his right, and not the chairman of Tiffany through the press.'
Read more »
Jilted Tiffany & Co. Fires Back at LVMHChairman Roger Farah said the luxury giant’s “shifting explanations” for pulling out of the $16.2 billion deal “indicate bad faith.”
Read more »
LVMH Prize Winner Thebe Magugu Launches Online Store._ThebeMagugu_ spoke about how he is adapting his brand to the new market realities, and how he plans to show his next collection remotely during Paris Fashion Week.
Read more »
LVMH Pulls Out of $16.2 Billion Deal with Tiffany & Co., Tiffany SuesThe acquisition, originally made last November, would have been the largest the luxury industry has seen.
Read more »