Taking a hit: A pedestrian wearing a protective face masks passes the closed Tiffany & Co store in Paris. If the LVMH-Tiffany tie-up falls apart, it would be one of the largest so far related to Covid-19. — Bloomberg
NEW YORK: Tiffany & Co plunged after Women’s Wear Daily reported LVMH’s deal to buy the luxury jewellery company is uncertain as the US economy faces widespread upheaval.
LVMH board members arranged to meet on Tuesday to discuss the proposed deal, WWD reported, citing unidentified individuals.
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