Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Case
-
Reference no. 321-0018-1
Authors: Michael A Roberto (Bryant University); Dhruv Patodia (Bryant University); Amanda Whitham (Bryant University)
Originally published in: 2021
Version: 4-Jan-2021
Revision date: 09-Feb-2021

Abstract

In October 2019, LVMH issued an unsolicited takeover bid forTiffany & Co. The two firms agreed to a deal one month later. Then, the COVID-19 pandemic caused a dramatic decrease in the revenues and profits of both firms. In August 2020, LVMH CEO Bernard Arnault faced a crucial decision: finalize the deal, renegotiate the terms, or walk away from the acquisition.

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Time period

The events covered by this case took place in 2020.

Geographical setting

Region:
Europe
Country:
France

Featured companies

LVMH Moët Hennessy – Louis Vuitton (LVMH)
Employees:
10000+
Turnover:
EUR 50 billion
Type:
Public company
Industry:
Luxury
Tiffany & Co
Employees:
10000+
Turnover:
USD 4 billion
Type:
Public company
Industry:
Jewelry

Featured protagonist

  • Bernard Arnault (male), CEO

About

Abstract

In October 2019, LVMH issued an unsolicited takeover bid forTiffany & Co. The two firms agreed to a deal one month later. Then, the COVID-19 pandemic caused a dramatic decrease in the revenues and profits of both firms. In August 2020, LVMH CEO Bernard Arnault faced a crucial decision: finalize the deal, renegotiate the terms, or walk away from the acquisition.

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Settings

Time period

The events covered by this case took place in 2020.

Geographical setting

Region:
Europe
Country:
France

Featured companies

LVMH Moët Hennessy – Louis Vuitton (LVMH)
Employees:
10000+
Turnover:
EUR 50 billion
Type:
Public company
Industry:
Luxury
Tiffany & Co
Employees:
10000+
Turnover:
USD 4 billion
Type:
Public company
Industry:
Jewelry

Featured protagonist

  • Bernard Arnault (male), CEO

Related