LVMH calls Tiffany prospects ‘dismal’ in new effort to squash takeover
Louis Vuitton owner LVMH is escalating its efforts to wiggle out of a $16 billion takeover of Tiffany & Co. with a new lawsuit blasting the jeweler’s business prospects as “dismal” thanks to the coronavirus pandemic. The luxury conglomerate led by French billionaire Bernard Arnault filed a new lawsuit Monday claiming that it’s entitled to...