LVMH's Arnault mulls ways to renegotiate deal with Tiffany -sources
Share:
(Reuters) - LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion (12.9 billion pounds) acquisition of U.S. jewelry chain Tiffany & Co , as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said on Wednesday.LVMH agreed to acquire Tiffany in November, but the deal has yet to close, pending regulatory approvals. Arnault said at the time Tiffany would "thrive for centuries to..