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LVMH acquires Tiffany & Co.


LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group, and Tiffany & Co., the famous luxury jeweler, today announced that the companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for US$135 per share in cash, in a transaction with an equity value of approximately Euro 14.7 billion or US$ 16.2 billion.

The acquisition of Tiffany will strengthen LVMH’s position in jewelry and further increase its presence in the United States. The addition of Tiffany will transform LVMH’s Watches & Jewelry division and complement LVMH’s 75 Brands (or Houses as LVMH call them).

Bernard Arnault, Chairman and Chief Executive Officer of LVMH, commented: “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. 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 and every 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.”

Roger N. Farah, Chairman of the Board of Directors of Tiffany, commented, “Following a strategic review that included a thoughtful internal process and expert external advice, the Board has concluded that this transaction with LVMH provides an exciting path forward with a group that appreciates and will invest in Tiffany's unique assets and strong human capital, while delivering a compelling price with value certainty to our shareholders.”

LVMH’s acquisition of Tiffany has been approved by the boards of directors of both companies and the Tiffany Board of Directors recommends that Tiffany shareholders approve the transaction with LVMH. The transaction is expected to close in the middle of 2020 and is subject to customary closing conditions, including approval from Tiffany’s shareholders and the receipt of regulatory approvals.

The Tiffany & Co. calendar watch given to U.S. President Franklin D. Roosevelt in 1945

Suggested reading:
- Tiffany in watchmaking history

COMMENTS

Name

A. Lange & Sohne,81,AkriviA,8,alarm,8,Alpina,10,Andersmann,2,Andreas Strehler,5,Angelus,4,annual calendar,29,Anonimo,10,Antiquorum,2,Antoine Martin,2,Antoine Preziuso,1,Apple,1,Apple Watch,1,Aquadive,2,Armin Strom,37,Arnold and Son,20,Astarwatch,1,Ateliers deMonaco,2,Auctions,60,Audemars Piguet,43,Autodromo,1,Bamford,1,Baselworld,4,BaselWorld 2013,50,BaselWorld 2014,53,Baselworld 2015,69,Baselworld 2016,27,Baselworld 2017,64,Baselworld 2018,75,Baselworld 2019,41,Baume,1,Baume et Mercier,21,Bell & Ross,22,Bernard Lederer Universe,1,Blancpain,45,BLU,1,blue dial,3,Bonhams,2,Bovet,8,Brands histories,1,Breguet,63,Breitling,44,Bremont,1,Bremont Watch Company,4,Breva,2,bronze,17,Bücherei,1,Bulgari,49,Bulova,1,Burberry,1,C3H5N3O9,1,carillon,1,Carl F. Bucherer,2,Carl Suchy,1,Carrera,4,Cartier,39,ceramic,5,Certina,3,Chanel,1,Chaumet,3,chiming hour,4,Chopard,24,Christie's,4,Christophe Claret,5,Christopher Ward,6,chronograph,380,chronometer,27,Chronoswiss,3,Citizen,3,co-axial,1,column-wheel,7,complete calendar,7,complications,60,concept watch,5,Concord,1,constant-force,29,Corum,14,CSEM,1,Cyrus,7,Czapek,3,Davosa,1,Daytona,3,De Bethune,17,de Grisogono,3,dead seconds,16,detent escapement,2,DeWitt,9,diving,3,diving watches,189,double regulator,2,Doxa,4,drei,1,dress watches,293,dual time,77,Ebel,1,Eberhard,22,Edox,1,El Primero,26,Emile Chouriet,1,Emmanuel Bouchet,1,enamel dial,7,enamelling,14,Equation of time,5,Eterna,17,exhibitions,1,F.P.Journe,27,Faberge,2,Favre-Leuba,1,feature article,28,features,64,Ferdinand Berthoud,3,flyback,35,Fondation de la Haute Horlogerie,1,Fortis,4,Franck Muller,6,Frederique Constant,10,Gallet,1,Geneva Watchmaking Grand Prix,8,Georg Jensen,1,George Daniels,3,Gerald Genta,2,Girard-Perregaux,39,Glashuette,16,Glashuette Original,30,Glashütte,30,Glashütte Original,59,Glycine,3,GMT,66,GoS,1,GoS Watches,1,GPHG,8,GPHG2019,1,Graham,5,Grand Feu,3,Grand Prix d’Horlogerie de Geneve,12,Grand Seiko,12,Grande Complication,21,Grande Sonnerie,5,Greubel Forsey,24,Gronefeld,7,Grönefeld,7,Grossmann,3,guilloché,2,H. Moser and Cie,25,H20 Watch,1,Habring,8,Habring2,9,Hajime Asaoka,1,Hallmark of Geneva,2,Hamilton,20,hands-on,28,Harry Winston,10,Hautlence,5,Hermes,15,high jewellery,1,Hublot,13,Hybris Artistica,1,Hydro Mechanical Horologists,7,HYT Watches,12,Icon,1,In pictures,7,independent watchmaker,7,industry news,132,IWC,95,Jaeger-LeCoultre,85,Jaquet Droz,34,JeanRichard,3,jumping hours,26,Junghans,8,Kaj Korpela,1,Kari Voutilainen,5,Korpela,1,Krayon,1,Kudoke,1,Ladies watches,104,Lang & Heyne,2,Lange,25,large date,1,Laurent Ferrier,16,Le Garde Temps,1,Leica,1,Lemania,1,Leroy,3,Linde Werdelin,1,Longines,42,Louis Erard,1,Louis Moinet,5,luxury steel watch,4,LVMH,4,Maîtres du Temps,1,Manufacture Contemporaine du Temps,3,Manufacture Royale,3,marine chronometer,1,Maurice de Mauriac,1,Maurice Lacroix,5,MB&F,29,MCT,1,MeisterSinger,38,meteorite,1,metiers d'art,1,Mido,8,military watches,12,Minerva,1,Ming,1,Minute Repeater,39,Montblanc,47,moon phases,87,Moritz Grossmann,25,Moser,24,Muhle,4,Mühle-Glashütte,3,mystery watches,2,Nautilus,4,New Britain Corp,1,new watches,2036,Nomos,30,Ochs und Junior,4,Officine Panerai,65,Omega,96,Only Watch,5,Only Watch 2015,4,Only Watch 2017,2,Only Watch 2019,3,Oris,29,Panerai,41,Parmigiani,4,Parmigiani Fleurier,20,Pascal Coyon,1,Patek,18,Patek Philippe,78,perpetual calendar,88,Perrelet,6,Phenomen,1,Philippe Dufour,1,Phillips,6,Piaget,20,Pierre DeRoche,1,pilot watch,67,Pita,1,planetarium,1,platinum,2,pocket watch,3,pocket watches,2,Poincon de Geneve,2,Porsche Design,13,Pre-SIHH 2016: Cartier - Clé de Cartier Automatic Skeleton,1,pulsometer,4,quartz,3,Rado,10,Ralf Tech,2,Ralph Lauren,2,rattrapante,14,Raul Pages,1,Raymond Weil,1,rectangular watches,7,reddot award,1,regulator,15,remontoire,3,Reservoir,1,resonance,9,Ressence,6,retrograde,5,Revelation,1,Reverso,16,review,27,Richard Mille,61,Richemont,3,Richmond,1,Roger Dubuis,11,Roger Smith,1,Roger W. Smith,1,Rolex,39,Romain Gauthier,8,Romain Jerome,1,Royal Oak,18,Rudis Sylva,1,Seiko,24,SevenFriday,2,SIHH,2,SIHH 2012,4,SIHH 2013,25,SIHH 2014,36,SIHH 2015,43,SIHH 2016,44,SIHH 2017,40,SIHH 2018,43,SIHH 2019,53,Singer,2,Singer Reimagined,3,single hand,7,single-hand watches,9,Sinn,12,skeleton,15,smartwatch,6,solar energy,1,Sotheby's,5,Speake-Marin,4,Speedmaster,17,split seconds,9,sport watches,484,Spring Drive,2,squelette,36,steampunk,1,Steinhart,1,striking time,10,SuisseMecanica,1,Swatch,3,Swatch Group,11,table clocks,2,Tag Heuer,87,terra Cielo Mare,1,Tiffany,16,Tissot,4,titanium,1,top news,48,Torsti Laine,1,tourbillon,241,Trilobe,1,Tudor,17,Tutima,2,ultra thin,25,Ulysse Nardin,31,Union Glashutte,2,Urban Jurgensen,26,Urwerk,16,Vacheron Constantin,69,Van Cleef & Arpels,7,Vauchier Fleurier,1,Vianney Halter,3,vintage watches,1,Vulcain,9,wandering hours,1,Watches & Wonders,15,Watches & Wonders 2020,1,Watches&Wonders,1,worldtime,32,Zenith,66,Zodiac,6,
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Time and Watches | The watch blog: LVMH acquires Tiffany & Co.
LVMH acquires Tiffany & Co.
LVMH and Tiffany & Co. announced that the companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for US$135 per share in cash, in a transaction with an equity value of approximately Euro 14.7 billion or US$ 16.2 billion.
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Time and Watches | The watch blog
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