LVMH To Acquire Tiffany For $16.2 Billion

LVMH has entered into a definitive agreement to acquire Tiffany for $135 per share in cash in a transaction valued at $16.2 billion. The news comes less than a month after LMVH made an unsolicited bid that valued Tiffany at $14.5 billion, or $120 per share.

The deal will strengthen LVMH’s presence in the global jewelry market and the U.S. in particular by adding the retailer’s more than 300 locations to its luxury store footprint. The deal has been approved by both companies’ Boards of Directors and is expected to close in mid-2020, following the approval of Tiffany’s shareholders and the relevant regulatory bodies.

“We are delighted to have the opportunity to welcome Tiffany, a company with an unparalleled heritage and unique position in the global jewelry world, to the LVMH family,” said Bernard Arnault, Chairman and CEO of LVMH. “We have an immense respect and admiration for Tiffany and intend to develop this jewel with the same dedication and commitment that we have applied to each one of our Maisons. We will be proud to have Tiffany sit alongside our iconic brands and look forward to ensuring that Tiffany continues to thrive for centuries to come.”


This is the latest in a line of luxury brand deals in the second half of 2019, including:

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