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Kekst CNC is handling the $14.5B all-cash bid of LVMH Moet Hennessy-Louis Vuitton, the world’s No. 1 luxury goods group, for Tiffany & Co.
The $120 per-share offer represents a 22 percent premium to Tiffany’s Oct. 25 closing price.
Paris-based LVMH, which also owns brands such as Givenchy, Dior, Krug, Kenzo, Fendi, Pink Shirtmaker, Marc Jacobs and Fenty, says it had preliminary discussions with Tiffany but gives no assurance that a takeover may result from the talks.
Tiffany confirms receipt of “an unsolicited, non-binding bid from LVMH," which it is carefully reviewing.
The New York retailer, which chalked up $4.4B in sales last year, noted that it is “successfully executing on its business plan and remains focused on achieving its goal of becoming the next generation luxury jeweler.”
James Fingeroth, Molly Morse, and Anntal Silver of Kekst CNC, which is part of Publicis Groupe, are handling the US media for LVMH.
Publicis Consultants and DGM Conseil are working the media in France.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
