Brunswick Group handles LVMH Moet Hennessy Louis Vuitton’s $16.2B takeover of Tiffany & Co., a move that strengthens the Paris-based luxury goods company’s watches & jewelry business and bolsters its presence in the US.
 |
LVMH CEO Bernard Arnault called 182-year-old Tiffany a company with an “unparalleled heritage and unique position in the global jewelry world.”
He said LVMH plans to “develop this jewel” with the same commitment that it applies to its 75 brands (Tag Heuer, Hublot, Bulgari, Hennessy, Dom Perignon, Givenchy, Fendi, Christian Dior and Sephora).
LVMH used Kekst CNC (James Fingeroth, Molly Morse and Anntal Silver) to handle the Oct. 28 announcement that confirmed preliminary takeover discussions with Tiffany.
It turned to Brunswick’s Nik Deogun, Jonathan Doorley and Aurélia de Lapeyrouse for the takeover.
Sard Verbinnen & Co’s George Sard, Paul Scarpetta, Chris Kittredge and Eve Young represent Tiffany.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
