Subject category:
Strategy and General Management
Originally published in:
2021
Version: 4-Jan-2021
Length: 19 pages
Data source: Published sources
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
Subject category:
Strategy and General Management
Originally published in:
2021
Version: 4-Jan-2021
Length: 19 pages
Data source: Published sources
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
Subject category:
Strategy and General Management
Originally published in:
2021
Version: 4-Jan-2021
Length: 19 pages
Data source: Published sources