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By
Reuters API
Published
Oct 27, 2020
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Tiffany gets EU antitrust approval for LVMH deal

By
Reuters API
Published
Oct 27, 2020

Tiffany & Co has received regulatory approvals from the European Commission for its $16 billion (12.29 billion pounds) acquisition by French luxury goods group LVMH , the U.S. jeweler said on Monday.


Reuters


The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.

Tiffany added that with the EU nod, it had all regulatory approvals required for the completion of the deal.

Reuters reported earlier this month that the deal was set to gain EU antitrust approval.

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