LVMH

Delphine Arnault, 47, has worked at Louis Vuitton for the past decade alongside Burke and previously spent a dozen years at Dior

The Indian Space Research Organisation (ISRO) said that it will launch 36 satellites of UK's global communications network OneWeb onboard its heaviest launcher LVM3

LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in sector

Financial terms of the deal, which was reported earlier by the Wall Street Journal, Financial Times and New York Times, were not disclosed

The R&B singer and LVMH launched the Fenty fashion brand in May 2019, only the second time the French group had set a label up from scratch

PARIS (Reuters) - France's LVMH will pay slightly less to acquire U.S. jeweler Tiffany & Co after the two companies agreed to end a bitter dispute triggered by the COVID-19 pandemic and salvage the luxury sector's biggest-ever deal.

NEW YORK (Reuters) - U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, in a move that could end a legal dispute between the two, two sources familiar with the matter said on Wednesday.

The two parties could be looking to slightly lower the price of the deal or potentially move to a tender offer, the report said

(Reuters) - Tiffany & Co has received all regulatory approvals needed for the completion of its $16 billion (12.29 billion pounds) acquisition by French luxury goods group LVMH, the U.S. jeweler said on Monday after it received a nod from the European Commission.

The purchase is a precursor to Arnault's group playing a greater role in those activities, people familiar with discussions at the two companies said.

The French company also said that Tiffany breached its agreement to operate as usual by paying out the highest possible dividend.

The deal would have been the biggest-ever in the global luxury industry, allowing Tiffany to quickly expand its global presence and invest more money in spruced-up stores

NEW YORK (Reuters) - LVMH's plans to end its $16 billion acquisition of U.S. jeweler Tiffany & Co follows roughly 1,900 deals that have been cancelled, renegotiated or disputed around the world since the start of the COVID-19 pandemic, according to S&P Global Market Intelligence.

PARIS/NEW YORK (Reuters) - Tiffany & Co sued LVMH on Wednesday after the French luxury goods giant told the U.S. jeweler it could not complete a $16 billion deal to acquire it because of a French government request and the impact of the coronavirus outbreak.

A letter sent to luxury goods group LVMH by the French foreign ministry requesting it delay its $16 bn purchase of US jeweller Tiffany to early January was not binding

The French group, led by billionaire Bernard Arnault, said its board had received a letter from the French foreign ministry asking it to delay the acquisition to beyond Jan. 6, 2021

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CEO Arnault has been in talks with his advisers this week to identify ways to pressure Tiffany to lower the agreed price of $135 per share in cash

LVMH's board is concerned about the Covid-19 pandemic and protests linked to the death of George Floyd at the hands of Minneapolis police

Staying at home has caused many people to change their makeup, hair-care and skin-care routines. Companies are feeling the effects.