• Louis Vuitton owner backs down on renegotiating Tiffany deal

    Louis Vuitton owner backs down on renegotiating Tiffany deal

    French luxury goods giant LVMH, owner of Louis Vuitton, is not asking to renegotiate its $16.2 billion acquisition of US jewelry chain Tiffany & Co. after deliberating whether to do so, people familiar with the matter said Friday. LVMH chief executive Bernard Arnault had been in talks with his advisers this week to identify ways …