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.

Tiffany & Co.

LVMH agreed to buy Tiffany & Co. for more than $16 billion in the largest luxury-goods deal ever, raising the French conglomerate's profile in jewelry and giving it access to.

LVMH To Buy Tiffany For $16 Billion In Largest Luxury-Goods Deal Ever

– LVMH Moët Hennessy Louis Vuitton SE (NASDAQ: LVMUY) and Tiffany & Co. (NYSE: TIF) today 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.

LVMH Reaches Agreement to Acquire Tiffany & Co. for $135/Share

Acquiring Tiffany will lift LVMH's operating profits by 500 million to 600 million euros ($661.32 million) in the first 12 months, the luxury goods group's Chairman and Chief Executive Bernard Arnault said on Monday.

LVMH swoop on Tiffany will boost operating profits: Chairman

Bernard Arnault’s luxury goods empire to acquire US jeweller in cash deal

Louis Vuitton owner LVMH to buy Tiffany for $16bn

LVMH (OTC: LVMUY) has confirmed an agreement to buy out Tiffany & Co. (NYSE: TIF) in $16.2 bid, Reuters reported.

LVMH Takes Over Tiffany in $16B Deal

LVMH has agreed a $16.2 billion deal to buy U.S. jeweler Tiffany, Louis Vuitton's parent firm confirmed on Monday, in the luxury good maker's biggest purchase to date.

LVMH agrees $16.2 billion deal for jeweler Tiffany

European luxury conglomerate LVMH Moët Hennessy Louis Vuitton MC, +0.44% announced Monday that it has reached a definitive agreement to buy U.S.

LVMH Moët Hennessy reaches definitive agreement to buy Tiffany for $135 per share

The luxury brand giant behind Louis Vuitton is to buy the jewellery powerhouse Tiffany in a deal worth $16.2bn (£12.6bn).

Tiffany snapped up by Louis Vuitton owner for $16bn

The boards of both LVMH and Tiffany approved the deal on Sunday and the transaction is expected to close in the middle of 2020, subject to approval from Tiffany’s shareholders and regulatory approvals.

LVMH confirms deal to acquire Tiffany for $16.2 billion

The boards of the luxury firms have been discussing a potential deal since last month, and will meet on Sunday to approve a final plan.

LVMH reaches deal to acquire Tiffany for $16.3 billion

The luxury fashion house said it was “never our intention” to sell an outfit that evoked memories of "one of the most odious moments in the history of mankind.”

Fashion Brand Loewe Apologizes For $1,840 Outfit Resembling Concentration Camp Uniform

French luxury group LVMH  is nearing a $16.7 billion deal to buy Tiffany & Co , the Financial Times reported on Sunday, citing people close to the deal.

France's LVMH nears deal to buy U.S. jewelry chain Tiffany for $16.7 billion: FT

LVMH and Tiffany & Co. entered talks after the French owner of Louis Vuitton boosted its offer for the U.S.

LVMH and Tiffany Enter Talks After LVMH Boosts Offer

LVMH Moet Hennessy MC, +0.00% has gotten access to the financial books of Tiffany & Co.

LVMH gets access to Tiffany's books after boosting offer to $16 billion: report

French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid

LVMH gets access to Tiffany's books after it raises offer, sources say

French luxury group LVMH  has persuaded U.S. jewelry chain Tiffany & Co  to provide it with confidential due diligence after it raised its bid from $120 per share to close to $130 per share, people familiar with the matter said on Wednesday.

Exclusive: LVMH gets access to Tiffany's books after it raises offer - sources

HOUSTON, Nov.  20, 2019  (GLOBE NEWSWIRE) -- Sephora arrives at Village Square at Dana Park!

Whitestone Welcomes Premier Omni-Retail Brand Sephora to Village Square at Dana Park in Mesa, Arizona

Luxury giant LVMH has made a bid to add Tiffany & Co. to its extensive profile of 75 high-end brands.

Can LVMH Provide Tiffany & Co. Investors With Much-Needed Growth?

Tiffany & Co. has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S.

Tiffany asks LVMH to raise its $14.5 billion offer

Tiffany & Co  has asked Bulgari owner LVMH  to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.

Tiffany asks LVMH to raise its $14.5 billion offer: sources

French billionaire businessman Bernard Arnault has been called many things: the Wolf in Cashmere, the Exterminating Angel, Tintin – for his neat, boyish looks – and Lord of the Logos among them. But it is perhaps a building that portrays him better than nicknames.

Luxury player: why Bernard Arnault is making a blockbuster bid for Tiffany’s

A proposal by Louis Vuitton owner LVMH to buy Tiffany & Co. appears to be at a standstill.

Top LVMH exec met with Tiffany CEO on Oct. 18 with $14.5B buyout offer: sources

As the maker of top-end goods from LVMH to Dom Perignon Champagne to Fendi furs, It has a value to match, exceeding combined market size of its top rivals. 
The post LVMH's Bid For Tiffany Puts Pressure On Rivals To Respond appeared first on Investor's Business Daily.

LVMH's Bid For Tiffany Puts Pressure On Rivals To Respond

Reeling in a new consumer will not happen overnight and perhaps LVMH is the partner to accelerate the turn. Going it alone may be a slower process.

LVMH Bids For Tiffany: The Blue Box Just Turned Green

A look at what Tiffany will gain through an LVMH acquisition, as well as what LVMH will get with Tiffany.

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