Status:  Clearance


Acquirer:  LVMH Moët Hennessy-Louis Vuitton SE (France)

Acquired:  Tiffany & Co. (US)

Value:  US$15.8 billion

Industry:  Retail


Cropped view of a mature woman in her 40s shopping in a jewelry store.  She is standing at a display case, pointing at an item.On November 24, 2019, Tiffany & Co., a US jewelry producer and retail company, and LVMH Moët Hennessy-Louis Vuitton SE (“LVMH”), a retail company organized under the laws of France, entered into a merger agreement pursuant to which a wholly owned subsidiary of LVMH will merge with and into Tiffany & Co., with Tiffany & Co. surviving as a wholly owned subsidiary of LVMH. (See Tiffany & Co. Form 8-K, November 25, 2019, SEC Filing.) Regulatory approvals will be required for the deal, including “clearance by the Committee on Foreign Investment in the United States.” (Id.; see Agreement and Plan of Merger, Sec. 1.1, Tiffany & Co. Form 8-K, Ex-2.1 November 25, 2019, SEC Filing.) On March 26, 2020, CFIUS concluded its review, finding “no unresolved national security concerns with respect to the transaction” (i.e., clearance). (See Tiffany & Co. Form 8-K, April 7, 2020, SEC Filing.)   On October 28, 2020, the parties entered into an Amended and Restated Agreement and Plan of Merger, following certain contractual disputes, (See Tiffany & Co. Form 8-K, Oct. 28, 2020, SEC Filing,) and the merger was consummated on January 7, 2021.  (See Press Release, Tiffany & Co. Form 8-K, Ex-99.1, Jan. 7, 2021, SEC filing.)


Please contact us with any questions.