LVMH Pulls Out of $16.2 Billion Deal with Tiffany & Co., Tiffany Files Lawsuit
Smith Collection/GadoGetty Images After announcing a record-breaking deal last November, LVMH Moët Hennessy Louis Vuitton announced today that it would be scrapping its $16.2 billion acquisition of U.S. jewelry brand Tiffany & Co. LVMH cited possible U.S. tariffs on French products as the reason for pulling out of the deal. Meanwhile, Tiffany & Co. has…