Tiffany likely to be the Next Target of a Mega Dea

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By Victoria Scott-Richards on March 14, 2011 · Leave a Comment

Filed under Brands, Jewellery · Tagged with $8 billion, 500 million Euros, Bulgari, Burberry, large luxury houses, long term plans, Louis Vuitton, Louis Vuitton-Bulgari deal, luxury, LVMH portfolio, M&A, most attractive targets, PPR, Richemont, Tiffany, Tod, US jeweler
Tiffany likely to be the Next Target of a Mega Deal
A lot of speculations are being generated on the acquisition & merger front after the Louis Vuitton-Bulgari deal and the successful acquisition of Bulgari by Louis Vuitton. Everyone is trying to guess which one is going to be the next major acquisition. After Bulgari becoming a part of the LVMH portfolio, Tiffany has become a logical target for PPR or Richemont. This would be another massive M&A deal if it happens.
The bankers with long experience will tell you that two big deals have never happened in a row. We are most likely to see relatively small buyouts and takeovers involving transactions of less than 500 million Euros. The luxury market is growing rapidly with the support of emerging markets. Companies attempting to expand quickly will be on the lookout for possible acquisitions if the valuations are attractive and the profile of the brand fits their long term plans.
Analysts and bankers believe that of the remaining listed luxury firms Burberry, Tiffany and Tod’s are the most attractive targets for possible acquisition. They expect the US jeweler to be the first to face a takeover bid from one of the large luxury houses. The market capitalization is estimated to be over $8 billion.

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