Supply Chain Council of European Union | Scceu.org
Procurement

LVMH Says Tiffany’s Handling of Pandemic Invalidates Merger

PARIS—LVMH Moët Hennessy Louis Vuitton SE blamed Tiffany & Co. for the unraveling of its $16.2 billion takeover, saying the deal was no longer valid because the jeweler had been mismanaged during the coronavirus pandemic.

The criticism of Tiffany expands on LVMH’s initial rationale for calling off its biggest acquisition ever. On Wednesday, LVMH said it was abandoning the deal because of trade tensions between France and the Trump administration. LVMH, owner of Louis Vuitton, Dior and dozens of other luxury brands, said…

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