PARIS — The engagement between Tiffany and LVMH Moët Hennessy Louis Vuitton seems to be off.
The French luxury giant said it likely won’t be able to complete its planned $16.2 billion acquisition of the American jeweler after France’s Minister for Europe and Foreign Affairs asked LVMH to defer the transaction beyond Jan. 6, 2021. The request was made in the wake of a U.S. threat to slap taxes on a range of French products.
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LVMH noted that its original acquisition agreement called for a deadline of Nov. 24 to complete the transaction.
“As it stands, the