Fashion Investments and M&A

Date: November 2022
Buyer: LVMH
Target: Pedemonte Group
Business: Luxury Jewellery
Value: Undisclosed
Details: LVMH has acquired Pedemonte Group, a luxury jewellery manufacturer based in northern Italy, from investment fund Equinox III SLP SIF, for an undisclosed sum. Pedemonte was created in 2020, bringing together several independent jewellery production workshops, each with decades of experience in jewellery manufacturing, and has collaborated on products with LVMH in the past. Pedemonte joins the likes of Tiffany, Hublot, Bulgari and Tag Heuer as part of LVMH’s luxury jewellery and watches division, which brought in over €7b of revenue in the first nine months of 2022.

Date: January 2021
Buyer: LVMH Moët Hennessy Louis Vuitton SE (“LVMH”)
Target: Tiffany and Co.
Business: Global luxury jewellery and specialty retailer
Value: 15.8 billion dollars
Details: LVMH has completed its acquisition of global luxury jeweller Tiffany & Co. for a purchase price of $131.50 per share. The acquisition will transform LVMH’s watches and jewellery division. LVMH has already announced several new leadership appointments at Tiffany.

Date: November 2019
Buyer: VMH Moët Hennessy Louis Vuitton SE (LVMH)
Target: Tiffany
Business: Global luxury jeweler
Value: $135 per share in cash (around £12.6bn)
Details: It has been announced that LVMH and Tiffany have entered into a definitive agreement for LVMH to acquire Tiffany. The transaction is expected to close some time in 2020 subject to a number of conditions.

Date: January 2019
Buyer: LVMH Luxury Ventures
Target: Gabriela Hearst
Business: American luxury brand dedicated to sustainability
Value: Undisclosed
Details: Gabriela Hearst received minority investment from LVMH Luxury Ventures.

Date: April 2017
Buyer: LVMH
Target: Dior
Business: Couture brand
Value: Transaction values the couture brand at €6.5bn
Details: Transaction consolidates ownership of the couture business in LVMH which operates the fragrance and cosmetics part of the brand.

Date: October 2016
Buyer: LVMH
Target: Rimowa
Business: premium luggage manufacturer
Value: €640million
Details: Luxury conglomerate acquires 80% stake in German manufacturer with Dieter Morszeck retaining 20&% and remaining co-CEO.