LVMH Reaches Agreement with Tiffany & Co.

LVMH Reaches Agreement with Tiffany & Co. 

Today it was announced that the companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion.

For more than 180 years, Tiffany has been synonymous with elegance, innovative design, fine craftsmanship and creative excellence, even the Tiffany Blue Box is recognized worldwide as an icon of refinement and desirability. Founded in 1837 when Charles Lewis Tiffany opened the first store in downtown Manhattan.

Tiffany today is the leading luxury brand originated in the United States and delights discerning customers in more than 300 stores around the globe. Nature is not only the source of inspiration for Tiffany’s designers, but precious metals and natural gemstones are necessary components for the creation of its designs.
The acquisition of Tiffany will strengthen LVMH’s position in jewelry and further increase its presence in the United States, complementing LVMH’s 75 distinguished Houses. 

Way to go LVMH!

Signing off,