At what enterprise value was TIFFANY & CO acquired in 2020?

During the acquisition of TIFFANY & CO by LVMH in 2020, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of TIFFANY & CO when it was acquired by LVMH?

The estimated EV/EBITDA multiple for TIFFANY & CO is in the range of 15x - 25x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was TIFFANY & CO acquired by LVMH?

TIFFANY & CO was acquired by LVMH in 2020.

What was the revenue of TIFFANY & CO at the time of the deal?

The revenue of TIFFANY & CO at the time of the deal is estimated to be in the range of 2.5b - 5b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of TIFFANY & CO during the acquisition?

TIFFANY & CO's EBITDA is estimated to be in the range of 500M - 1b USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the TIFFANY & CO acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the TIFFANY & CO deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.lvmh.com/fr/publications/lvmh-conclut-un-accord-avec-tiffany-co-release

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Home Database Retail & ConsumerTIFFANY & CO

12/2020

TIFFANY & CO acquired by LVMH

UNITED STATES Luxury Goods / Watches & Jewelry EV 3b - 100b USD

Context

LVMH acquired Tiffany & Co. in a record-breaking, highly strategic public-to-private transaction. The deal was structured via a definitive merger agreement that culminated in an all-cash tender offer approved by Tiffany's shareholders following an intense period of renegotiation and cross-border legal disputes triggered by the COVID-19 pandemic and international trade tariff friction. In the final binding agreement, LVMH successfully adjusted the purchase price downward from the initial $135.00 per share to $131.50 per share, securing a cash savings of approximately $430 million for the French conglomerate. The transaction drastically scales LVMH’s hard luxury division, transforming the group into a dominant global force in high jewelry capable of matching major institutional rivals while immediately granting Tiffany access to LVMH’s immense financial backing, global retail network, and downstream supply chain infrastructure.

The acquisition of Tiffany & Co is part of the growth strategy of Lvmh, which already has several external growth operations under its belt, notably ChâTeau D’Esclans in 2019.

TIFFANY & CO, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Tiffany & Co. is the premier American luxury house specializing in high jewelry, fine watches, and premium lifestyle accessories. Founded in New York City in 1837 by Charles Lewis Tiffany, the company established itself as a global cultural icon, defined by its legendary "Tiffany Blue Box" and its pioneering historical role in diamond engagement rings. Its business model is built on an omni-channel retail framework operating more than 300 boutiques worldwide, powered by a highly integrated vertical manufacturing structure that employs over 5,000 master artisans. The organization differentiates itself through its early commitment to environmental sustainability and transparent, responsible sourcing of precious metals and gemstones. Strategically, the firm represents an exceptional, high-equity asset in the hard luxury space, offering unparalleled exposure to the North American market.

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07/2016	G-III APPAREL GROUP	DONNA KARAN	UNITED STATES	Luxury Goods	G-III Apparel Group acquired 100% of Donna Karan International from LVMH in a highly significant and transformational corporate transaction. The deal was structured via a definitive stock purchase agreement that combined cash, high-leverage institutional debt facilities, and vendor financing mechanisms
04/2015	CLESSIDRA SGR / L-GAM	ROBERTO CAVALLI	ITALY	Luxury Goods	The acquisition of Roberto Cavalli by Clessidra SGR and its co-investors marks a significant transaction in the luxury fashion industry. The deal is driven by a strategic rationale to support the growth and development of Roberto Cavalli, leveraging the resources and expertise of the acquirers to expand the brand's global presence and improve its operational efficiency
02/2014	BLACKSTONE	VERSACE	ITALY	Luxury Goods	The investment by Blackstone in Versace represents a strategic partnership between the two companies, with the goal of driving growth and expansion in the global luxury market. The transaction involves Blackstone acquiring a 20% stake in Versace, with the option to increase its holding in the future
07/2013	LVMH	LORO PIANA	ITALY	Luxury Goods	LVMH has acquired a majority stake in the Italian luxury house Loro Piana from the founding family. The transaction involves LVMH purchasing 80% of the share capital, while the brothers Sergio and Pier Luigi Loro Piana retain a 20% minority interest and continue to support the company
07/2013	KERING	POMELLATO	ITALY	Luxury Goods	Pomellato has been acquired by he French luxury group PPR (now rebranded Kering). PPR emerged as the winning bidder, defeating a competing buyout attempt from the Damiani family and their private equity partner
10/2012	PAI PARTNERS	MARCOLIN	ITALY	Luxury Goods	PAI Partners entered into an agreement to acquire a majority stake (78,39%) in Marcolin from the founding Marcolin family, the Della Valle brothers, and Antonio Abete through a primary leveraged buyout transaction

REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 2.5b - 5b USD

EBITDA range: 500M - 1b USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TIFFANY & CO by LVMH are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: tiffany & co

Acquirer: lvmh