Add-on Acquisition • Retail

LVMH Acquires Sephora

On July 24, 1997, LVMH acquired retailer Sephora for 262M USD

Acquisition Context
  • This is LVMH’s 1st transaction in the Retail sector.
  • This is LVMH’s 6th largest (disclosed) transaction.
  • This is LVMH’s 1st transaction in France.

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M&A Deal Summary

Date July 24, 1997
Target Sephora
Sector Retail
Buyer(s) LVMH
Deal Type Add-on Acquisition
Deal Value 262M USD

Target Company

Sephora

Neuilly-sur-Seine, France
Sephora is a global beauty retailer known for offering an extensive range of cosmetics, skincare, haircare, and fragrance products from both established and emerging brands. Sephora provides a curated selection of high-quality beauty products, including makeup, skincare, tools, and exclusive lines like the Sephora Collection. Sephora was formed in 1970 and is based in Neuilly-sur-Seine, France.
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Buyer Overview 1

Buyer

LVMH

Paris, France

Category Company
Founded 1923
Sector Consumer Products
Employees200,518
Revenue 84.7B EUR (2024)
DESCRIPTION

LVMH is a global luxury goods conglomerate. The Company operates across five major sectors: fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing. Founded in 1987 through the merger of Louis Vuitton and Moët Hennessy, LVMH owns more than 75 prestigious brands, including Dior, Fendi, Bulgari, TAG Heuer, and Sephora. LVMH was founded in 1923 and is based in Paris, France.


Deal Context for Buyer #
Overall 2 of 19
Sector: Retail 1 of 1
Type: Add-on Acquisition 2 of 18
Country: France 1 of 5
Year: 1997 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-02-06 Loewe

Madrid, Spain

Loewe is a Spanish luxury fashion house and is renowned for its high-end leather goods, ready-to-wear clothing, and accessories, blending traditional craftsmanship with modern design. While based in Madrid, it maintains a significant presence in France, with a flagship store in Paris and a strong influence in the global luxury market. Loewe was formed in 1846 and is based in Madrid.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Ebel AG

La Chaux-de-Fonds, Switzerland

Ebel AG is a world-class brand globally recognized for its iconic product designs, technological innovation and superior quality. The brand is currently sold at price points in the $1,500 to $10,000 range in approximately 1,800 doors worldwide. The Ebel business will remain based in La Chaux de Fonds, Switzerland.

Buy -

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