LVMH's deal to acquire Tiffany & Co is looking increasingly uncertain, according to a new WWD report.
Sources told WWD that LVMH also expressed concerns about Tiffany's ability to cover all its debt covenants at the end of the transaction.French luxury goods group LVMH's $16.
The French company's board also voiced concerns about Tiffany's ability to cover all its debt covenants at the end of the transaction, which was expected to be concluded mid-year, WWD reported.Louis Vuitton owner LVMH agreed in November to buy Tiffany for $16.2 billion in its biggest acquisition yet.
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