LVMH to block Tiffany & Co court petition
// LVMH aims to block Tiffany & Co petition seeking to fast-track legal proceedings
// The lawsuit from Tiffany & Co comes after LVMH exited the proposed £12 billion mergerLouis Vuitton owner LVMH is seeking to block a petition launched by US jeweller Tiffany & Co, attempting to fast-track legal proceedings in the US after LVMH backflipped on their proposed $16 billion (£12 billion) merger.
The French luxury group had agreed upon the merger last year, but called off plans
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