Confirmed Control (100%) Announced Transaction verified Consumerjewelryluxury jewelry and specialty retailretail

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.
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.

Confirmed

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.

Open source

Tiffany & Co. Form 10-K for fiscal year ended January 31, 2019

Confirmed

Net sales $ 4,442.1 $ 4,169.8 $ 4,001.8

Open source

EX-99.1

Confirmed

Paris and New York, November 25, 2019 – LVMH Moët Hennessy Louis Vuitton SE

Open source

EX-99.1

Confirmed

for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or

Open source

EX-99.1

Confirmed

The transaction is expected to close in the middle of 2020

Open source

Document

Confirmed

Years Ended January 31, (in millions, except per share amounts) 2019 2018 2017 Net sales $ 4,442.1

Open source

Tiffany & Co. Financial Overview 2019 — acquisition valuation exhibits

Confirmed

Tiffany & Co. 4,385 967 738 561

Open source

Tiffany & Co. Financial Overview 2019 | PDF | Business Economics | Corporations

Confirmed

Data sources: FactSet and author estimates.

Open source

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