The EU has approved the merger operation between LVMH and Tiffany

News

The EU has approved the merger operation between LVMH and Tiffany

15.10.2020 News

Antimonopoly regulator of EU approved the agreement of 16.2 billion euro merger with French group for the production of luxury goods LVMH (Louis Vuitton Moet Hennessy) and transnational jewelry company Tiffany. This was reported by Reuters.

According to the information, the merger agreement was approved without additional conditions for the companies.

Earlier, Tiffany reported that the lawsuit had been filed in a Delaware state court against the French concern LVMH due to the delay in the last stage of the merger process, in which it stated that LVMH postponed the submission of the documentation to the antitrust authorities. The company attributed this to the French government’s desire to persuade the United States to impose additional duties on the number of French goods, including luxury items.

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