LVMH previously announced its intention to acquire Tiffany & Co. However, due to the pandemic and protests in the United States of America, the LVMH conglomerate is uncertain of whether to proceed with the deal. As for today, the shares of Tiffany & Co fell in value, and now they cost $114 instead of $135.
Currently, LVMH board members are now thinking of reconsidering acquiring the famous jewelry brand.
