Tiffany & Co. acquired by LVMH Moët Hennessy Louis Vuitton SE
LVMH Moët Hennessy Louis Vuitton SE agreed to acquire Tiffany & Co., a US luxury jewelry and specialty retail brand, on Nov 25, 2019.
Transaction summary
- Target
- Tiffany & Co.
- Acquirer
- LVMH Moët Hennessy Louis Vuitton SE
- Seller
- -
- Announced
- 2019-11-25
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-04
Value and multiples
100% enterprise value
USD 16B
100% enterprise value | USD
Basis: Estimated
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
-
Period: varies by source
Basis: Public source
EV / EBITDA
-
EBITDA basis not stated
Basis: Estimated
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 16B
Issuer release reports $135 per share in cash and approximately $16.2 billion equity value.
Basis
- USD 16bn enterprise value is a FundComb estimate. Public sources reviewed confirm the transaction, but do not independently disclose every valuation input.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- The metric bundle combines reviewed sources. FundComb retains source attribution separately for each populated field.
- Original November2019 equity transaction value approximately USD16.2bn / EUR14.7bn used as estimated100% EV proxy under FCR-211 without a separate debt/cash bridge. Later amended tender terms are separate context. FY revenue from Tiffany annual filing; USD967m EBITDA from secondary comparables table drawing on FactSet and author estimates, period and definition unspecified. No matched transaction multiple is calculated. No transaction multiple calculated; secondary EBITDA period is unspecified and does not establish a matched deal-date denominator. FY revenue from Tiffany annual filing; USD967m EBITDA from secondary comparables table drawing on FactSet and author estimates, period and definition unspecified.
Source summary
LVMH Reaches Agreement with Tiffany & Co.
ConfirmedLVMH 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.
Open sourceTiffany & Co. Form 10-K for fiscal year ended January 31, 2019
ConfirmedNet sales $ 4,442.1 $ 4,169.8 $ 4,001.8
Open sourceEX-99.1
ConfirmedParis and New York, November 25, 2019 – LVMH Moët Hennessy Louis Vuitton SE
Open sourceEX-99.1
Confirmedfor $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or
Open sourceDocument
ConfirmedYears Ended January 31, (in millions, except per share amounts) 2019 2018 2017 Net sales $ 4,442.1
Open sourceTiffany & Co. Financial Overview 2019 — acquisition valuation exhibits
ConfirmedTiffany & Co. 4,385 967 738 561
Open sourceTiffany & Co. Financial Overview 2019 | PDF | Business Economics | Corporations
ConfirmedData sources: FactSet and author estimates.
Open sourceContinue your research
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