Paris | French luxury goods giant LVMH said it would walk away from its planned $US16 billion takeover of US jeweller Tiffany, in the most high-profile example of a deal to face collapse following the COVID-19 pandemic.
The stage is set for an acrimonious dispute; Tiffany said it was filing a lawsuit against LVMH to force it to complete the deal as agreed last year, accusing the French group of deliberately stalling completion of the takeover.
