12-09-2020 07:30 via finance.yahoo.com

The French Wolf in Cashmere Tears Into Tiffany After Deal Sours

(Bloomberg) -- Bernard Arnault has proven once more that he relishes a good fight.France’s wealthiest man attempted to pull out of a high-profile transaction this week when LVMH, the luxury conglomerate he controls, announced that it was dropping its planned purchase of U.S. jeweler Tiffany & Co. The collapse of the biggest takeover in the industry swiftly turned ugly, with Tiffany accusing LVMH of having “unclean hands” and the French side hitting back by saying the U.S. c
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