Tiffany sues LVMH after it pulls out of $16bn takeover

Tiffany & Co

The world’s largest luxury group LVMH is being sued by Tiffany after it said it was pulling out of its agreed $16.6bn takeover of the jeweller.

The world’s largest-ever luxury deal was thrown into doubt today after the French luxury conglomerate said it could not complete the deal and the US-based jeweller hit back with a lawsuit to force the agreement through.

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