Markets

LVMH not considering buying Tiffany shares on the market

French luxury giant LVMH said on October 28, 2019 it was exploring a takeover of US jewellers Tiffany, most famous for its fine diamonds and luxury wedding and engagement rings.
STEPHANE DE SAKUTIN | AFP | Getty Images

LVMH is not considering buying shares in Tiffany on the market, the French luxury goods group said on Thursday. 

"The Board of Directors of LVMH Moët Hennessy Louis Vuitton, met on Tuesday, June 2, 2020 and notably focused its attention on the development of the pandemic and its potential impact on the results and perspectives of Tiffany & Co with respect to the agreement that links the two groups," LVMH said. 

"Considering the recent market rumours, LVMH confirms, on this occasion, that it is not considering buying Tiffany shares on the market."