M&A Deal Summary

LVMH Acquires Tiffany

On November 25, 2019, LVMH acquired consumer products company Tiffany for 16.2B USD

Acquisition Highlights
  • This is LVMH’s 4th transaction in the Consumer Products sector.
  • This is LVMH’s largest (disclosed) transaction.
  • This is LVMH’s 2nd transaction in the United States.
  • This is LVMH’s 1st transaction in New York.

M&A Deal Summary
Date 2019-11-25
Target Tiffany
Sector Consumer Products
Buyer(s) LVMH
Deal Type Add-on Acquisition
Deal Value 16.2B USD
Advisor(s) Centerview Partners
Goldman Sachs (Financial)
Sullivan & Cromwell (Legal)

Target

Tiffany

New York, New York, United States
website
Entrance to Tiffany & Co.'s retail store on Michigan Avenue in Chicago, Illinois.
Entrance to Tiffany & Co.'s retail store on Michigan Avenue in Chicago, Illinois.
Tiffany & Co. is a provider of jewelry and luxury gift items. Tiffany's noted for quality, craftsmanship and service. Tiffany was founded in 1837 and is based in New York, New York.

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Buyer(S) 1

Buyer

LVMH

Paris, France

website

Category Company
Founded 1923
Sector Consumer Products
Employees157,953
Revenue 64.2B EUR (2021)
DESCRIPTION

LVMH is a manufacturer of luxury brands. The group manages products ranging from liquor to leather goods, apparel and cosmetics. LVMH was founded in 1923 and is based in Paris, France.

DEAL STATS #
Overall 11 of 15
Sector (Consumer Products) 4 of 7
Type (Add-on Acquisition) 10 of 14
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Maison Francis Kurkdjian SAS

Paris, France

Maison Francis Kurkdjian SAS is a manufacturer of wearing perfume.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Joseph Phelps Vineyards

Helena, California, United States

Joseph Phelps Vineyards consists of an estate recognized worldwide for the quality of all of its wines, with 200 hectares of its own vines spread over eleven vineyards in the Napa Valley and 30 hectares spread over two vineyards in Sonoma Valley. Joseph Phelps Vineyards was formed in 1973 and is based in Helena, California.

Buy -
Mergr

Product

Company

Legal