Luxury goods purveyor LVMH said Thursday it will countersue fine jewelry maker Tiffany for mismanagement and violating the terms of their deal to take it over, according to a statement, coming just a day after LVMH said it was pulling out of the deal and Tiffany filed a suit to force the deal through. KEY FACTS - LVMH’s countersuit is expected within days, according to the New York Times. …
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Swiss horology brand Franck Muller can’t be accused of making an understatement. The “Master of Complications” brand has provenance, and a history of bold innovation. For instance, it crafted the signature Cintree Curvex case at a time when haute horology was bound by tradition, and round watches were the norm. It was in the 90s that Franck Muller imagined and carved a three-dimensional…
French luxury conglomerate LVMH said it will not buy up shares of Tiffany & Co on the market in a bid to get a lower price for the American jeweler, as the company is seeking to renegotiate its $16.2 billion deal for the retailer hard hit by the coronavirus crisis. KEY FACTS - The world’s most valuable luxury brand secured a deal to acquire Tiffany & Co in a deal that valued…
