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 5th 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
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

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 STATS #
Overall 15 of 19
Sector: Consumer Products M&A 5 of 8
Type: Add-on Acquisition M&A Deals 14 of 18
State: New York M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 Belmond

London, United Kingdom

Belmond is a global luxury hospitality and travel company operating properties that include deluxe hotels, tourist trains, river cruises, and safaris. The Company specializes in curating exclusive travel experiences, blending historic charm with modern luxury, and emphasizes sustainability and cultural engagement through partnerships with renowned chefs, designers, and artists. Belmond was formed in 1976 and is based in London, England.

Buy $3.2B
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.

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