Luxury giants at war: Tiffany sues LVMH for ditching $16bn takeover

US jeweller files lawsuit in bid to force the French firm to complete axed merger

A Tiffany & Co shop in Paris, France
US jeweller files lawsuit in bid to force the French firm to complete axed merger
(Image credit: Stephane De Sakutin/AFP via Getty Images)

Two major luxury goods companies are at war in a row over a stalled multibillion-dollar deal.

US jeweller Tiffany has filed a lawsuit against VMH Moet Hennessy Louis Vuitton (LVMH) after the French conglomerate pulled out of a $16bn (£12.3bn) takeover. LVMH “said it no longer wanted to buy Tiffany because the deal was being dragged into the middle of trade disputes between Paris and the Donald Trump administration”, The Wall Street Journal reports.

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Mike Starling is the former digital features editor at The Week. He started his career in 2001 in Gloucestershire as a sports reporter and sub-editor and has held various roles as a writer and editor at news, travel and B2B publications. He has spoken at a number of sports business conferences and also worked as a consultant creating sports travel content for tourism boards. International experience includes spells living and working in Dubai, UAE; Brisbane, Australia; and Beirut, Lebanon.