LVMH (EPA: MC) is a publicly listed company headquartered in Paris, France that owns 21 consumer brands across 3 categories, and has 12 recorded transactions.[1]
LVMH was formed in 1987 by the merger of Louis Vuitton with Moët Hennessy and is the largest luxury group in the world. It is controlled by the Arnault family through the holding company Christian Dior SE.
LVMH acquired Tiffany & Co. for $131.50 a share after renegotiating down from $135 during the pandemic and settling litigation between the parties. It is the largest acquisition in luxury goods.
LVMH acquired eighty per cent of Loro Piana for about €2 billion, with the founding family retaining the rest. The attraction was control of the supply of the finest cashmere and vicuña wool, which no amount of marketing can substitute for.
LVMH acquired Bulgari for about €4.3 billion, paying largely in shares so that the founding family became a substantial LVMH shareholder rather than simply selling out. It remains one of the largest jewellery acquisitions ever made.
LVMH acquired Hublot, the first house to pair a gold case with a rubber strap, which was considered close to vandalism when it did so in 1980. Its name is French for porthole. The price was not disclosed.
LVMH acquired Zenith, whose El Primero automatic chronograph from 1969 survived only because a watchmaker hid the tooling in an attic when the owners ordered it destroyed during the quartz crisis. The movement is still in production. The price was not disclosed.
LVMH acquired TAG Heuer, which had invented the first automatic chronograph movement in 1969 and timed Formula One races for decades. It was the largest of several watch purchases the group made that year and remains its biggest watch brand by volume. The price was not disclosed here.
LVMH acquired Krug, a champagne house that makes only prestige cuvees with no entry-level bottling at all, fermenting every plot separately in small oak casks before blending. Only the year is documented here and the price was not disclosed.
LVMH took a majority of the Marc Jacobs house and appointed its founder to design ready-to-wear for Louis Vuitton, a role he held for sixteen years. He had been dismissed from Perry Ellis five years earlier over a grunge collection now regarded as a landmark. Only the year is documented here.