Bernard Arnault - Arnault planned to acquire Tiffany & Co.

Time: Nov, 2019

Place: New York City, New York, U.S.

Details: In November 2019, Arnault planned to acquire Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020. LVMH then issued a statement in September 2020 indicating that the takeover would not proceed and that the deal was "invalid" because of Tiffany's handling of the business during the COVID-19 pandemic.

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