Tiffany & Co. v. LVMH: The Timeline Behind Luxury's Biggest Deal to Date - The Fashion Law

On November 24, 2019, the powers that be at LVMH Moët Hennessy-Louis Vuitton and Tiffany & Co. respectively signed off on what has been touted as the largest deal to date in the luxury space. The agreement would see Paris-based LVMH, which was a title of its own: the largest luxury goods conglomerate in the world, acquire Tiffany & Co. for a whopping $16.2 billion – or $135 per Tiffany & Co. share – in cash.As New York-headquartered Tiffany & Co. tells it, the deal followed from an initial, unsolicited bid from LVMH, which it subsequently increased five separate times (three of which played out in a single day) in an effort to bring the stalwart jewelry company under its sweeping umbrella of luxury entities.After months ofincreasingly-intense speculation among the fashion and business media, the respective Boards at LVMH and Tiffany & Co. put pen to paper and finalized the deal on a Sunday in late November. The highly-anticipated deal would formally close in mid-2020, according to a re...