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LVMH says will not buy Tiffany shares on open market

FILE PHOTO: A LVMH luxury group logo is seen prior to the announcement of their 2019 results
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PARIS (Reuters) - Louis Vuitton owner LVMH said on Monday it would not buy Tiffany shares on the open market, a move that would have potentially enabled it to pursue its agreement to buy the U.S. jeweller at a lower price than the one agreed last year. Bloomberg reported last week that the French luxury goods group was now considering buying shares in Tiffany on the market, following its deal..
Date Published: Mar 23, 2020
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