LVMH Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories for men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

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The deal doubles LVMH’s jewelry market share to 18%. More importantly, it is by far the conglomerate’s biggest acquisition in its history.

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Tiffany was codenamed "Tea" and LVMH was "Latte" in the whirlwind talks that led to the U.S. jeweler being taken over by the French luxury group for more than $16 billion, in a homage to famed film "Breakfast at Tiffany's".

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LVMH-Moet Hennessy Louis Vuitton SA (LVMUY) announced on Monday that it will buy Tiffany & Co. (TIF) for $16.2 billion.

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U.S.-based luxury jewelry retailer Tiffany & Co. (NYSE: TIF) has agreed to sell itself to LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) in a deal that was applauded by two experts.

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On Sunday, the board of Tiffany & Co. (NYSE: TIF) approved the deal and bid by LVMH (OTC: LVMHF) at $135 a share in cash, amounting to $16.2 billion.

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Louis Vuitton owner LVMH snapped up U.S. jeweler Tiffany & Co on Monday for $16.2 billion in its largest buyout ever, adding America's biggest luxury name to its stable of brands.

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Louis Vuitton's parent company LVMH is preparing to buy Tiffany & Co. for $16.2 billion, marking the biggest deal ever in the luxury sector.

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The $16.2 billion deal gives the owner of Louis Vuitton and Bulgari brands a chance to put a fresh shine on the formerly lustrous brand made famous by its blue box.is taking over Tiffany & Co.

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LVMH Moët Hennessy Louis Vuitton SE sweetened its late October $14.5 billion all-cash offer by nearly 12% and made Tiffany & Co.

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The owner of Louis Vuitton and Givenchy reached a deal to acquire Tiffany (TIF). Industry experts believe that the acquisition will add sparkle to LVMH's jewelry segment.

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Scooping up the iconic Tiffany is a major win for LVMH, which already owns some of the world’s most iconic luxury brands, including Louis Vuitton, Bvlgari, Christian Dior, and dozens more.
French luxury goods giant LVMH has announced it is buying the iconic New York City-based jeweler Tiffany & Co.

French luxury goods giant LVMH is buying Tiffany & Co. for $16.2 billion

LVMH, controlled by Europe's richest man Bernard Arnault, confirmed its biggest ever acquisition on Monday.

News for LVMH Moet Hennessy Louis Vuitton Stock (LVMUY)