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Business daily

LVMH abandons $16.2 billion Tiffany takeover

BUSINESS DAILY
BUSINESS DAILY © FRANCE 24
6 min

LVMH - the parent company of luxury brands including Louis Vuitton, Christian Dior, and Moët & Chandon - has walked away from a deal to buy storied New York jeweller Tiffany & Co. It says the French government pressured it to delay the takeover amid a transatlantic trade spat. We take a closer look.

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