LVMH scraps Tiffany takeover citing tariff fight

LVMH scraps Tiffany takeover citing tariff fight

Image copyright Getty Images Image caption Tiffany employs more than 14,000 people and operates about 300 stores

French luxury goods giant LVMH has said it is pulling out of a high-profile deal to buy US jeweller Tiffany & Co.

The firm said its decision came after a request by the French government to delay the takeover due to tariff threats from the US.

LVMH had already said it was taking…

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