PARIS France's richest man Bernard Arnault ratcheted up a tug-of-war over Paris Match publisher Lagardere on Thursday, revealing he had built up a direct stake in the firm, which is under siege from several other investors.
PARIS Qatar's sovereign wealth fund stepped into the market battle over struggling Lagardere on Wednesday by calling for fair representation for all large shareholders in the French media and publishing group.
PARIS LVMH tried on Thursday to block an attempt by Tiffany to fast-track legal proceedings in the United States to force the French luxury group to honour an acquisition deal agreed last year.
NEW YORK/MILAN/PARIS LVMH , the world's biggest luxury group, has called off its $16-billion(12.51 billion pounds) engagement to Tiffany . Wall Street however seems to think the U.S. jeweler will fare just fine by itself.
PARIS Luxury goods group LVMH said on Thursday it would counter-sue Tiffany, accusing it of mismanagement through the coronavirus crisis after the U.S. jeweller accused the French group of trying to bow out of a $16 billion acquisition deal. | Video
PARIS/NEW YORK Tiffany & Co sued LVMH on Wednesday after the French luxury goods giant told the U.S. jeweler it could not complete a $16 billion deal to acquire it because of a French government request and the impact of the coronavirus outbreak. | Video