Why the rocky engagement between Tiffany and LVMH might survive
Investors are betting on the American jeweller’s corporate nuptials
THE MOST ardent romances result in the most acrimonious divorces. In the case of Tiffany and LVMH, rancour preceded the nuptials. In the amorous phase the French luxury giant behind Louis Vuitton had described the American purveyor of engagement rings as a corporate jewel, agreeing to a $17bn takeover ten months ago. It used an altogether less romantic tone in a Delaware court filing this week as it tried to break the match. Investors, meanwhile, are betting on a happy ending.
This article appeared in the Business section of the print edition under the headline “Letting go lightly”
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