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LVMH confirms it will not be buying Tiffany & Co shares

Source: Mintel 04-06-2020

LVMH has voiced concerns over the current financial state of the jewellery specialist it has signed a £13 billion acquisition deal with.

The Board of Directors of LVMH, met on Tuesday, June 2, 2020 to discuss the development of the pandemic and its potential impact on the results and perspectives of Tiffany & Co. LVMH said: “considering the recent market rumours, LVMH confirms, on this occasion, that it is not considering buying Tiffany shares on the market.”

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