FACE Magazine Vol 2- Issue 01

French Luxury Group LVMH AcquiresTiffany & Co. for $16.2 Billion

Millennial Capital, the specialist consumer focused venture creation and management firm based in Dubai, comments on the landmark deal

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Dubai (December 2019): Millennial Capital, the specialist consumer focused venture creation and management firm based in Dubai has recently identified personal accessories, specifically jewellery, as one of its key sectors of investment interest, and comments on Louis Vuitton Moet Hennessy’s (LVMH) groundbreaking purchase of Tiffany & Co. for about $16.2 billion.

Following months of extensive negotiation and weeks of speculation, LVMH has confirmed the landmark deal, the largest acquisition in the luxury group’s history and one of the biggest pieces of business the luxury retail industry. LVMH purchased Tiffany & Co. for approximately $135 per share after initially offering $120 per share.

“The acquisition of Tiffany by LVMH highlights the objectives of the French conglomerate to retain a global market leadership position in the personal accessories sector,

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