Luxury goods group LVMH's takeover of Tiffany seen as uncertain: Report

French luxury goods group LVMH's $16.2 billion (13 billion pounds) takeover of Tiffany & Co looks less certain as the jeweller grapples with a deteriorating situation in the US market brought on by a global pandemic and severe social unrest, fashion trade publication WWD reported on Tuesday.

Tiffany's shares closed down nearly 9 per cent after the news.

LVMH's board called a meeting in Paris on Tuesday night to discuss the matter, WWD reported, citing sources.

LVMH's board is concerned about the Covid-19 pandemic and protests linked to the death of George Floyd at the hands of Minneapolis police, according