Tiffany sues LVMH for scrapping $16m takeover

Luxury group says it cannot go ahead with buyout of jeweller, blaming ‘succession of events’A legal battle has broken out between two of the world’s biggest luxury goods groups after LVMH ditched its planned $16.2bn (£12.5bn) takeover of the New York jeweller Tiffany.Bernard Arnault’s luxury goods empire, which owns brands such as Louis Vuitton, Dior and Moët & Chandon, said it could not go ahead with the the acquisition because it had been undermined by a