Tiffany & Co has received regulatory approval from the Japan Fair Trade Commission and the Mexican competition authority for its contentious $16 billion acquisition by luxury goods group LVMH, the U.S. jeweler disclosed in a filing on Friday, Trend reports with reference to Reuters.
Earlier this week, Tiffany sued LVMH, after the French luxury goods giant told the U.S. jeweler it could not complete a $16 billion deal to acquire it because of a French government request and due to the impact of the coronavirus outbreak.