Fashion M&A

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.