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HONG KONG, CHINA – CIRCA JANUARY, 2019: Tiffany & Co storefront in Elements shopping mall.
LVMH cancels deal with Tiffany & Co. Photo: Bigstock LVMH seeks to exit Tiffany deal French luxury goods group LVMH has dropped its plan to take over Tiffany & Co, as the iconic New York jeweller’s share price has dropped significantly below the agreed price. Tiffany & Co, however, is said to be filing a lawsuit with the Delaware Court of Chancery seeking to force LVMH to close the transaction by the November deadline, the Financial Timesreports. LVMH is using geopolitical and taxa

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