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Chewbacca · 10 September 2020, 01:06 AM

LVMH says the threat of US tariffs on French products has forced it to scrap its planned acquisition of Tiffany, which would have been the biggest luxury goods deal in history.

The French conglomerate announced Wednesday that as things stand, it would "not be able to complete" the $16.2 billion deal — which was announced last November — because of "a succession of events which undermine the acquisition."

So, who’s gonna buy it now?

https://www.cnn.com/2020/09/09/busin...hnk/index.html

10 September 2020, 01:06 AM	#1
Chewbacca Banned Join Date: May 2012 Real Name: CJ Location: Kashyyyk Watch: Kessel Run Chrono Posts: 21,112	LVMH Tiffany deal : DEAD LVMH says the threat of US tariffs on French products has forced it to scrap its planned acquisition of Tiffany, which would have been the biggest luxury goods deal in history. The French conglomerate announced Wednesday that as things stand, it would "not be able to complete" the $16.2 billion deal — which was announced last November — because of "a succession of events which undermine the acquisition." So, who’s gonna buy it now? https://www.cnn.com/2020/09/09/busin...hnk/index.html

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