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When French luxury conglomerate Moët Hennessy Louis Vuitton acquired Tiffany & Co. in January, LVMH management instantly signalled that massive changes were afoot, whether or not customers appreciated them or not. During a rare assembly conducted digitally on 30 December 2020, more than ninety nine per cent of Tiffany & Co. shareholders approve LVMH’s new offer of $US131.50 and the terms of the revised merger settlement. The jewellery company reiterated that the assertion of Material Adverse Effect because of COVID-19 has “no factual, contractual or legal help”. It also refuted claims that it had mismanaged the crisis, stating that store…
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