LVMH sacrifices Tiffany deal in Franco-American tariff tiff — Panjiva
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LVMH sacrifices Tiffany deal in Franco-American tariff tiff

Cons. Discr. - Apparel 494 Cons. Discr. - Retailing 467 Consumer Staples 760 France 153 Mergers 220 Tariffs 1794 U.S. 5317

LVMH has abandoned its bid for Tiffany & Co., reportedly after pressure from the French government related to a set of ongoing trade spats between France and the U.S. That likely relates to current and planned U.S. tariffs on French exports in a disagreement over aerospace subsidies and in connection to France’s digital services tax. French exports of products covered by the various tariffs include those in beauty products, where shipments fell by 13.5% year over year in the 12 months to July 31, as well as food / beverages and luggage where U.S. imports from France fell by 7.6% and 6.8%...

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