Tiffany & Co. – the beloved American luxury jewellery brand that makes you think of wedding rings, sterling silver and of course their iconic blue – has been snapped up by French multinational conglomerate LVMH for a cool £12.6 billion (AU$23.99 billion).
According to Bloomberg, it’s the biggest luxury-goods deal ever, and the acquisition of Tiffany & Co. adds to LVMH’s long, long list of brands – or ‘maisons’ – already under its name.
LVMH – which itself stands for Louis Vuitton Moët Hennessy – is an empire of roughly 70 brands.
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The brands can be split into more than five categories, including wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewellery, and selective retailing, as well as other brands that don’t quite fit anywhere else like hotel chains, luxury yacht, financial paper and bicycle brands.
All in all, their total assets amount to 128.55 billion euros, according to LVMH’s 2017 annual report.
Here are just a few other brands the empire owns:
Wines and Spirits
Your Veuve Clicquot, Hennessy, Belvedere, Dom Perignon, and Chateau Cheval Blanc – and many more – are owned by LVMH.
The French giant’s oldest brand is Chateau d’Yquem, which stretches as far back as the 16th century.
Fashion and leather goods
LVMH has a stake in several high-end household names such as Christian Dior, Fendi, Givenchy, Marc Jacobs, Berluti, Celine and Rihanna’s Fenty.
However, a number of more affordable labels are there too, such as Singapore-founded Charles & Keith and Kenzo.
Perfumes and cosmetics
Many of LVMH’s fashion and leather goods brands also do perfumes, and so Givenchy Parfums, Kenzo Parfums, Parfums Christian Dior, Fenty Beauty by Rihanna and Marc Jacobs Beauty all fall under the LVMH umbrella.
Among this is list is also Acqua di Parma, Guerlain, Kat Von D Beauty and the more affordable Benefit Cosmetics.
Watches and jewellery
Hublot, BVLGARI, TAG Heuer, FRED, Chaumet, Zenith are among these ranks, with Tiffany the latest to be added to the list.
DFS, Le Bon Marche and Starboard Cruise Services are LVMH brands, as well as makeup chain Sephora.
The third richest man in the world
The chairman and chief executive of LVMH, 70-year-old Bernard Arnault, is the US$106 billion (AU$156.41 billion) man behind the luxury goods empire.
As the richest man in Europe and Forbes’ fourth richest man in the world at the time of writing, Arnault joined his father’s construction company after graduating in 1971, which he eventually took over.
Arnault then acquired Boussac Saint-Freres, a textile company in turmoil, which owned Christian Dior.
After the creation of the LVMH group in 1987, he would then go on to mediate a conflict between the CEOs of Moet Hennessy and Louis Vuitton at the time. LVMH owned the rights to Dior perfume that Arnault felt should be incorporated into Dior.
Eventually, Arnault was elected chairman of the LVMH group, and has made it into one of the largest luxury empires in the world.
His daughter, Delphine, is vice president of Louis Vuitton.
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