LVMH: the acquisition of Tiffany – Economy hangs in the balance

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Tiffany sinks to Wall Street, where it has lost up to 13.4%, in what has been the biggest drop since January 2015. WWD’s rumors weigh on it, according to which the acquisition by LVMH is uncertain between the coronavirus and social tensions in the United States.

LVMH’s acquisition of Tiffany therefore appears uncertain. WWD reports it citing some sources, according to which coronavirus but also the recent social tensions in the United States weigh. LVMH’s board of directors allegedly convened a meeting in Paris to evaluate the operation. However, no final decision has been taken.

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