LVMH drops $14.5B deal for Tiffany, cites U.S. tariffs threat

LVMH is ending its monthslong pursuit of luxury jewelry retailer Tiffany & Co., citing in part the impact of proposed tariffs on French goods. The Paris-based conglomerate said that it needs more time to assess the impact of U.S. tariffs on French goods and cannot close the deal before year-end. / AP FILE PHOTO/MICHEL EULER
NEW YORK (AP) – Luxury goods giant LVMH is ending its takeover deal of luxury jewelry retailer Tiffany & Co., saying the French government had requested a delay to the agreement due to the threat of proposed U.S. tariffs on French goods. The Paris-based conglomerate said that both the French government and Tiffany had requested…

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