Tiffany Sues LVMH for Backing Out of $16 Billion Deal
A pedestrian wearing a protective face mask uses a smart phone outside the Tiffany & Co. luxury jewelry store on Champs Elysee in Paris, France. (Photographer: Cyril Marcilhacy/Bloomberg)

Tiffany Sues LVMH for Backing Out of $16 Billion Deal

(Bloomberg) -- The luxury industry’s biggest takeover is unraveling as LVMH moved to call off a $16 billion purchase of Tiffany & Co., which countered with a lawsuit to try to keep the deal on track.
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