M&A Deal Summary

Tiffany Acquires Lambertson Truex

On May 1, 2009, Tiffany acquired consumer products company Lambertson Truex from Samsonite International

Acquisition Highlights
  • This is Tiffany’s 1st transaction in the Consumer Products sector.
  • This is Tiffany’s 1st transaction in the United States.
  • This is Tiffany’s 1st transaction in New York.

M&A Deal Summary

Date 2009-05-01
Target Lambertson Truex
Sector Consumer Products
Buyer(s) Tiffany
Sellers(s) Samsonite International
Deal Type Divestiture

Target

Lambertson Truex

New York, New York, United States
Lambertson Truex is a designer of luxury handbags.

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Buyer(S) 1

Buyer

Tiffany

New York, New York, United States

Category Company
Founded 1837
Sector Consumer Products
Employees14,100
Revenue 4.4B USD (2020)
DESCRIPTION
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.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 1

SELLER

Samsonite International

Luxembourg, Luxembourg

Category Company
Founded 1910
Sector Consumer Products
Employees11,850
Revenue 3.6B USD (2024)
DESCRIPTION

Samsonite International designs, manufactures, and distributes luggage. The Company's products include suitcases, garment bags, casual bags, business cases, clothing, shoes, and accessories. Samsonite also licenses their trademarks for use on products such as travel accessories, leather goods, handbags, clothing, and furniture. Samsonite International was founded in 1910 and is based in Luxembourg City.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-18 High Sierra Sport Co.

Vernon Hills, Illinois, United States

High Sierra Sport Co. manufactures bags and adventure luggage. High Sierra’s range of backpacks, adventure luggage, and sports bags appeals to active lifestyle consumers including outdoor enthusiasts, skiers and snowboarders, adventure travellers, students and young consumers.

Buy $110M