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Oct 14, 2020
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EU antitrust regulators set to clear LVMH, Tiffany deal - sources

By
Reuters API
Published
Oct 14, 2020

EU antitrust regulators are set to approve French group LVMH's acquisition of U.S. jeweller Tiffany at the end of its preliminary review of the $16 billion deal, people familiar with the matter said.




The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, accusing the European company of deliberately stalling completion of the deal.

LVMH has countersued Tiffany, accusing the company of being mismanaged during the COVID-19 pandemic.

The European Commission is scheduled to decide on the deal by Oct. 26.

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