French Finance Minister backs Le Drian over LVMH-Tiffany intervention By Reuters

2/2
© Reuters. A Tiffany & Co. store is pictured in the Manhattan borough of New York City

2/2

PARIS (Reuters) – French Finance Minister Bruno Le Maire on Monday backed an intervention by the country’s foreign minister Jean-Yves Le Drian in luxury goods giant LVMH’s (PA:) plans to back out of a takeover of U.S. jeweler Tiffany (N:).

“It was the right decision,” Le Maire told France 2 television, saying that Le Drian was working to protect French interests in his intervention on the LVMH-Tiffany deal.

Last week, LVMH said its board had received a letter from the French foreign ministry asking it to delay the acquisition of Tiffany to beyond Jan. 6, 2021, given the threat of additional U.S. tariffs against French products.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*