SectorWrap `19-Select 5: Mergers & Buyouts

Fashion

SectorWrap `19-Select 5: Mergers & Buyouts

04 Jan `20

2 min read

LVMH Moët Hennessy Louis Vuitton SE (LVMH), the world’s leading luxury group, has signed an agreement to acquire Tiffany & Co, the New York-based global luxury jeweller. As per the definitive agreement, 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. The acquisition of Tiffany will strengthen LVMH’s position in jewellery and further increase its presence in the US…

LVMH Moët Hennessy Louis Vuitton SE (LVMH), the world`s leading luxury group, has signed an agreement to acquire Tiffany & Co, the New York-based global luxury jeweller. As per the definitive agreement, 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...#

India’s Reliance Retail (RRL) signed an agreement with ITC Ltd to acquire its mid-segment menswear brand John Players. Launched in 2002, the brand will boost RRL’s fashion and apparels portfolio. The brand was acquired by RRL for `150-200 crore. The acquisition may also improve ITC’s non-tobacco FMCG business margins. Reliance gets the assets of John Players, which includes the brand and distribution rights through 750 stores, including 65 exclusive franchise outlets. ITC has an ambitious target of touching `1 trillion in revenues from non-cigarettes FMCG business— worth over `11,000 crore annually—by 2030 and expects the segment to drive its revenue in the next decade.

     Favourite      Print this story  Comments  Submit Press Release