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LVMH wants to walk away from $16B Tiffany deal

Bloomberg 09/09/2020

LVMH wants to call off a $16 billion deal to acquire Tiffany & Co. The owner of Dior, Luis Vitton and other luxury brands is looking to back out in light of a market severely disrupted by the coronavirus pandemic. Tiffany has filed a suit against LVMH in an effort to keep the deal intact.

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