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Deal spirit

9 June 2020 By Lisa Jucca

The U.S. jeweler’s rejigged debt covenants allow it to fend off a possible LVMH attempt to lower a $16 bln bid. Still, a 45% sales slump shows Tiffany needs to marry its larger French suitor. Closing a deal amicably and quickly is best. It doesn’t mean LVMH boss Arnault will.

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