Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Cartier files unfair-competition complaint against Tiffany
Lawsuit filed
Cartier said it filed a complaint in a New York court against Tiffany & Co for unfair competition. The complaint alleges that a former Cartier employee accessed drives, files and documents without a business need before leaving to join Tiffany; Tiffany denied the allegations.
Company response
Denial — Tiffany & Co.
Tiffany formally denies these baseless allegations and plans to vigorously defend itself.
Source excerpt
According to the complaint, before she left Cartier, the employee accessed drives, files and documents for which she had no business need as an employee of the company.
Jewellery company Cartier said on Tuesday it had filed a complaint in a New York court against US rival Tiffany & Co for unfair competition.
2022
Cartier sues Tiffany & Co over alleged trade-secret theft
Lawsuit filed
Cartier sued Tiffany & Co in New York, accusing it of obtaining information about Cartier’s high-jewelry collection through a former employee. The allegations are reported as claims in the lawsuit, not as a court determination.
Source excerpt
Cartier has sued rival Tiffany & Co, accusing the company of poaching a Cartier manager in order to gain access to trade secrets related to its high-end jewellery collection.
According to a complaint filed in a New York state court in Manhattan, Tiffany hired away an underqualified junior manager to learn more about Cartier’s “high jewelry” collection, where pieces typically cost $50,000 to $10m.
The lawsuit seeks an injunction requiring that Tiffany return and not use stolen trade secrets, plus unspecified damages.
2021
Tiffany campaign draws criticism over diamond and artwork
Public backlash
Tiffany & Co.’s campaign drew social-media criticism over the Tiffany Diamond’s colonial-era history and criticism over using Jean-Michel Basquiat’s work in a commercial context. The article reports that neither Tiffany & Co. nor Beyoncé and Jay Z had commented on the controversy.
Source excerpt
However, criticism has abounded over the use of the late painter’s work in a commercial context.
The decision to showcase the diamond has prompted criticism on social media for its colonial legacy, with some referring to it as a ‘blood diamond’;
2020
Tiffany sues LVMH over planned acquisition
Lawsuit filed
Tiffany said it had filed a lawsuit in the United States seeking to force LVMH to proceed with the planned acquisition on the agreed terms. According to the article, Tiffany alleged that LVMH failed to secure regulatory clearance and breached the merger agreement. These are allegations made by Tiffany and not determinations. The report concerns the dispute over the planned acquisition and Tiffany's legal action aimed at requiring LVMH to move forward with the deal as agreed.
Tiffany said it had filed a US lawsuit seeking to force LVMH to proceed with the acquisition on the agreed terms. The article reports Tiffany's allegations that LVMH failed to secure regulatory clearance and breached the merger agreement; these are allegations, not determinations.
Stated objective. Force LVMH to proceed with the deal on agreed terms.
Source excerpt
In return, Tiffany said it had launched a lawsuit in the US in an attempt to force LVMH to go ahead with the deal “on agreed terms” by the end of November.
Tiffany said Wednesday it filed a lawsuit in Delaware to enforce a takeover agreement with luxury giant LVMH.
Tiffany is suing saying that LVMH's argument has no basis in French law. They also accused the luxury good giant of using 'any available means' to avoid completing the deal on the agreed terms
2020
LVMH files counterclaim against Tiffany
Lawsuit filed
LVMH filed a counterclaim against Tiffany on September 28 amid a dispute over LVMH's planned acquisition of Tiffany. LVMH alleged that Tiffany mismanaged its business during the COVID-19 pandemic; Tiffany denied the allegations.
Source excerpt
但在蒂芙尼看来，LVMH则是有意拖延，于是一纸诉状将LVMH告上了美国特拉华州法院。9月9日，蒂芙尼指控 LVMH为避免支付协定的价格而有意拖延反垄断程序，并要求法院强制LVMH按期在11月24日之前完成收购。
在此次诉状中，LVMH除了强调法国政府的干扰外，还提到了蒂芙尼自身的原因，强烈谴责后者“对自身业务的管理不善”，并称这是公然违反了其在正常过程中的经营义务。