LVMH walking about from $16 billion Tiffany deal as jewelry sales slump to historic lows

Name: AGD Australia
Address: 11 Centre Pl, Melbourne, VIC, 3000, AU
Telephone: (03) 9650 8365
Price range: $$$

(Kitco News) – The beleaguer jewelry industry took another hit Wednesday after French luxury goods giant LVMH said it would walk away from its planned $16 billion takeover of U.S. jeweler Tiffany.