Louis Vuitton Owner Offers $14.5B to Buy Tiffany & Co

Jamie Grill-Goodman
Editor in Chief
Jamie goodman
In 1940, Tiffany & Co. moved to its current location at 727 Fifth Avenue, at the corner of Fifty-seventh Street, NY, NY. Photo credit: © Andrew Bordwin

LVMH, owner of Louis Vuitton, is making a $14.5 billion deal to buy jeweler Tiffany & Co.

Tiffany confirmed it has received an “unsolicited, non-binding proposal” from LVMH Moet Hennessy – Louis Vuitton to acquire Tiffany for $120 per share in cash.

“Retail is consolidating and Tiffany has had a number of ups and downs in recent years,” Forrester VP and analyst, Suchaita Kodali tells RISIt comforts me if LVMH could be the buyer. That would be the scenario that preserves the brand equity most and would be a better outcome for the long term equity of the brand than a private equity buyer.”

While the parties are not in discussions, Tiffany’s board of directors is carefully reviewing the proposal to determine the course of action it believes is in the best interests of the company and its shareholders. 

In 1837, Charles Lewis Tiffany founded his company in New York City where his store was soon acclaimed as the palace of jewels for its exceptional gemstones. During the 20th century its fame thrived worldwide with store network expansion and continuous cultural relevance, as exemplified by Truman Capote’s Breakfast at Tiffany’s and the film starring Audrey Hepburn. Today the company operates more than 300 Tiffany & Co. retail stores worldwide as part of its omnichannel approach.

Centerview Partners and Goldman Sachs are serving as financial advisors to Tiffany and Sullivan & Cromwell is serving as Tiffany’s legal advisor.

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