Global luxury jeweller Tiffany & Co and LVMH Moët Hennessy Louis Vuitton are reportedly in talks over new terms for their proposed merger.  

The revised terms could require LVMH to acquire Tiffany for $130 to $133 a share, CNBC reported citing people familiar with the development. The sources also added that the companies are seeking the transaction to be done soon.

Under the original agreement last November, the two companies agreed on a deal that would see LMVH acquire Tiffany & Co for $16.2bn or $135 per share in cash.  

Tiffany shares rose approximately 5% on 27 October to about $128.75.  

Earlier this week, Tiffany confirmed it received all regulatory approvals needed to complete the acquisition, after securing approval from the European Commission.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last month, the US Delaware Chancery Court set 5 January 2021 as the trial date for Tiffany & Co’s lawsuit against LVMH.  

Tiffany filed a lawsuit against LVMH seeking the latter to stand by its contractual obligation to complete the previously agreed deal.  

In June, LVMH revealed plans that it will not acquire luxury jewellery and speciality retailer shares on the market following the coronavirus pandemic.  

Tiffany & CO has more than 300 retail stores across the globe under its omnichannel approach.