LVMH to block Tiffany & Co fast-track court petition

Tiffany & Co LVMH merger court

Louis 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.

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Get ahead of your competition: Luxury Sector 2022 Report

The trend is clear: online is set to become the leading channel for luxury purchases by 2025. Online shopping for luxury goods increased in value by 50% and nearly...