BUSINESS LVMH says will counter-sue Tiffany, accuses it of 'dishonesty'

BUSINESS

LVMH says will counter-sue Tiffany, accuses it of 'dishonesty'

AFP

20:13, September 10, 2020

French luxury giant LVMH said Thursday it would counter-sue US jeweller Tiffany, accusing it of "dishonesty" as their plans for a sparkling tie-up descended into bitter recrimination.

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File photo: AFP

"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 relations with LVMH," the statement said.

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