Diamond-studded corporate romance turns sour

13 September 2020 - 00:00 By AGENCY REPORTER

Luxury goods group LVMH said this week it would counter-sue Tiffany, accusing it of mismanagement after the US jeweller accused the French group of trying to bow out of a $16bn (about R270bn) acquisition deal.

The owner of brands such as Louis Vuitton, led by billionaire Bernard Arnault, said earlier it could not complete its Tiffany purchase after the French government requested a delay on closing the transaction...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.