French luxury giant’s Tiffany tie-up in tatters after tariff tiff

A $16.2-billion (€14-billion) buyout by French luxury giant Moet Hennessy Louis Vuitton (LVMH) of US jeweler Tiffany & Co. fell through this week after the French government expressed fears over US tariffs on French goods. 

After months of talks between the two sides, LVMH finally announced plans last November to acquire Tiffany, an American icon founded in 1837. LVMH, which had coveted the US jeweler for years, is the world’s largest luxury goods conglomerate and many saw the deal as…

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