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LVMH Makes Unsolicited $14.5 Billion Bid For Tiffany

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Tiffany & Co. has received an unsolicited $14.5 billion acquisition proposal from luxury fashion house LVMH. Tiffany confirmed the offer and noted that the parties are not in discussion, but the retailer’s Board of Directors is reviewing the proposal as part of its fiduciary responsibilities.

The deal values Tiffany at $120 per share, a 20% premium over the stock’s price as of Oct. 28, and would bring Tiffany under the same umbrella as luxury brands such as Louis Vuitton and Bulgari. However, Tiffany noted in a press release that it is “successfully executing on its business plan and remains focused on achieving its goal of becoming The Next Generation Luxury Jeweler.”

If Tiffany changes its mind or LVMH sweetens the deal, the acquisition would be the latest of several luxury industry shakeups taking place over the past year:

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