3 weeks LVMH, Tiffany exchange tough criminal suits Manilatimes |Biz
PARIS: French luxury giant LVMH accused US jeweller Tiffany of “dishonesty” FrIday, saying it would do battle in court as plans for a sparkling tie-up descended into bitter recrimination. “LVMH was surprised by the lawsuit filed by Tiffany,” the French owner of brands such as Louis Vuitton, Dior and Moet & Chandon said in a statement. “LVMH considers that this action is totally unfounded. It has clearly been prepared by Tiffany a long time ago and communicated in a misleading way to shareholders and is defamatory. “The long preparation of this assignment demonstrates the dishonesty of Tiffany in its ... more