<p>Tiffany & Co has received all regulatory approvals needed for the completion of its $16 billion acquisition by French luxury goods group LVMH, the US jeweller said on Monday after it received a nod from the European Commission.</p>.<p>The approval from the European competition authorities comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.</p>.<p>Tiffany has alleged that LVMH has improperly tried to renegotiate the deal, while LVMH has countersued, alleging that the US company has been mismanaged during the Covid-19 pandemic.</p>.<p>Reuters reported earlier this month that the deal was set to gain EU antitrust approval. </p>
<p>Tiffany & Co has received all regulatory approvals needed for the completion of its $16 billion acquisition by French luxury goods group LVMH, the US jeweller said on Monday after it received a nod from the European Commission.</p>.<p>The approval from the European competition authorities comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.</p>.<p>Tiffany has alleged that LVMH has improperly tried to renegotiate the deal, while LVMH has countersued, alleging that the US company has been mismanaged during the Covid-19 pandemic.</p>.<p>Reuters reported earlier this month that the deal was set to gain EU antitrust approval. </p>