LVMH and Tiffany extend deadline for deal to late No - leatherbiz: Lea Leatherbiz

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LVMH and Tiffany extend deadline for deal to late November

25/08/2020

After not closing the deal by the August 24th deadline established in earlier documents, LVMH and Tiffany have pushed their deadline for completing the deal back by three months, according to multiple news outlets.

Last year, LVMH agreed to buy Tiffany in a $16.2 billion deal, with the French luxury goods brand expecting to bring new life to the iconic American jewelry chain.

Tiffany is said to be exercising its option to set November 24th as the final deadline for the deal, which has yet to receive all the required regulatory approvals — including that needed from the EU.


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