Love turns to hate as LVMH sues 'dismal' Tiffany (Computers - Software)

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Love turns to hate as LVMH sues 'dismal' Tiffany


Love turns to hate as LVMH sues 'dismal' Tiffany
LVMH once said that Tiffany "stood for love" but it now describes the New York jeweller as a "mismanaged" company with "dismal" prospects. The Louis Vuitton-owner made the claims in a countersuit against Tiffany in a dispute over a $16.2bn takeover deal.
LVMH claims Tiffany is no longer the business it agreed to buy last November before the pandemic. But Tiffany said LVMH's "specious" arguments are "another blatant attempt" to not pay an agreed $135 a share.
The jewellery firm, immortalised in Truman Capote's novel Breakfast at Tiffany's, has already filed a lawsuit against LVMH after the French luxury goods giant said it was walking away from the deal, which was struck last November before the pandemic.
https://www.techics.com/blog/166/love-turns-to-hate-as-lvmh-sues-dismal-tiffany
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Last Update : Oct 24, 2020
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Item  Owner  : TechICS
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2020-11-30 (0.071 sec)