Pedemonte Group
2022
Why
LVMH acquired Italian jewelry manufacturer Pedemonte Group in 2022 to add in-house jewelry production capacity.
LVMH Moet Hennessy Louis Vuitton SE
Luxury Goods and Selective RetailingFounded 1987- HQ today: Paris, France
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
LVMH Acquisitions
3
Major Deals Covered
$16.1B
Disclosed Deal Value
What are LVMH's biggest acquisitions?
LVMH's largest disclosed acquisition here is Tiffany & Co. for $15.8B in 2021. This page covers 3 major deals from 1997 to 2022, each with its price where disclosed and the reason behind it.
- Major deals covered
- 3
- Largest deal
- Tiffany & Co. ($15.8B)
- First deal
- 1997
- Most recent
- 2022
| Company | Year | Price | Purpose |
|---|---|---|---|
| Sephora | 1997 | $260.0M | LVMH bought the French beauty chain Sephora in 1997 to own a selective retail channel for perfumes and cosmetics, including its own brands. |
| Tiffany & Co. | 2021 | $15.8B | LVMH acquired Tiffany & Co. to strengthen its jewelry business against Richemont's Cartier and Van Cleef & Arpels and to grow in the United States. |
| Pedemonte Group | 2022 | Undisclosed | LVMH acquired Italian jewelry manufacturer Pedemonte Group in 2022 to add in-house jewelry production capacity. |
- What companies has LVMH bought?
- Major acquisitions by LVMH documented here include Tiffany & Co. (2021), Sephora (1997) and Pedemonte Group (2022).
- What is LVMH's most recent acquisition?
- The most recent LVMH acquisition documented here is Pedemonte Group, in 2022.
Tiffany & Co.
2021
$15.8B
Why
LVMH acquired Tiffany & Co. to strengthen its jewelry business against Richemont's Cartier and Van Cleef & Arpels and to grow in the United States.
Impact
The deal was renegotiated during the pandemic from an original $16.2B agreed in 2019 to $15.8B, closing in January 2021.
Outcome
LVMH has repositioned Tiffany toward higher-priced jewelry and reopened its Fifth Avenue flagship as The Landmark in 2023. Tiffany was cited as a driver of 9% organic growth in Watches & Jewelry in H1 2026.
Sephora
1997
$260M
Why
LVMH bought the French beauty chain Sephora in 1997 to own a selective retail channel for perfumes and cosmetics, including its own brands.
Impact
Sephora gave LVMH direct access to beauty shoppers and a growth platform outside its own maisons.
Outcome
Sephora expanded into a global chain with more than 3,000 stores and is the main driver of LVMH's Selective Retailing group, which reported ~$20.7B (EUR 18.3B) in 2025 revenue.
LVMH Moet Hennessy Louis Vuitton SE's Growth & Acquisition Strategy
LVMH grows by renewing creative leadership at its largest maisons, opening large flagship stores, expanding jewelry through Tiffany and Bvlgari, scaling Sephora, and buying heritage brands. Major deals include Bulgari (2011), Loro Piana (2013), Belmond (2019) and Tiffany & Co. for $15.8 billion (2021). It also uses large events such as the Paris 2024 Olympics and a 10-year Formula 1 partnership starting in 2025 to build brand visibility.
How LVMH Moet Hennessy Louis Vuitton SE Makes Money
LVMH is a holding company for more than 75 maisons grouped into Fashion & Leather Goods, Selective Retailing, Watches & Jewelry, Perfumes & Cosmetics and Wines & Spirits. Each maison keeps its own creative director and brand identity, while the group pools capital, store leases and real estate, media buying, talent and supply-chain resources. Most revenue comes from selling products at full price through LVMH's own network of more than 6,280 stores and e-commerce, plus wholesale for beauty, wine and spirits. Fashion & Leather Goods, led by Louis Vuitton and Dior, produced ~$42.7 billion (EUR 37.8 billion) of 2025 revenue and ~$14.9 billion (EUR 13.2 billion) of profit from recurring operations, about three-quarters of the group total.
LVMH Acquisitions FAQ
What was LVMH's historic acquisition of Tiffany & Co. in 2021?
In January 2021 LVMH completed its $15.8 billion acquisition of Tiffany & Co., the largest deal in luxury goods, after renegotiating the original $16.2 billion price agreed in 2019.
What major luxury jewelry and watch brands has LVMH acquired?
LVMH acquired Swiss watchmakers TAG Heuer and Zenith in 1999, luxury jeweler Chaumet in 1999, Italian jewelry house Bulgari in 2011 (~$4.86 billion (€4.3 billion)), Hublot in 2008, and Tiffany & Co. in 2021.
How did LVMH acquire Italian cashmere house Loro Piana in 2013?
In July 2013, LVMH acquired an 80% majority stake in Italian luxury textile and vicuña cashmere house Loro Piana for ~$2.26 billion (€2.0 billion) from the founding Loro Piana family, expanding the group's leadership in quiet ultra-luxury apparel.
What was LVMH's acquisition of luxury hospitality group Belmond in 2019?
In April 2019, LVMH acquired luxury hospitality and leisure company Belmond Ltd. for an enterprise value of $3.2 billion, adding 46 well-known luxury hotels (Hotel Cipriani in Venice, Copacabana Palace in Rio), luxury train services (Venice Simplon-Orient-Express), and river cruises to its portfolio.
How did LVMH acquire Sephora in 1997?
LVMH acquired Sephora in 1997 from founder Dominique Mandonnaud for about $260 million and grew it into a global chain with more than 3,000 stores.
What happened during LVMH's controversial attempt to acquire Hermès in 2010?
Between 2008 and 2010 LVMH built a stake of more than 20% in Hermes through cash-settled equity swaps. The Hermes family pooled more than 50% of shares in a family holding, France's AMF fined LVMH ~$9.04 million (EUR 8 million) in 2013, and in 2014 LVMH distributed its Hermes shares to its shareholders.
How did LVMH consolidate 100% ownership of Christian Dior Couture in 2017?
In 2017, the Arnault family executed a ~$13.7 billion (€12.1 billion) strategic restructuring that unified Christian Dior Couture directly into LVMH, simplifying corporate shareholding and bringing all Dior fashion, leather, and fragrance assets under unified control.
What prestigious champagne and wine vineyards has LVMH acquired recently?
LVMH acquired historic Burgundy vineyard Domaine des Lambrays in 2014, Clos des Lambrays, Château d'Esclans (producer of Whispering Angel rosé) in 2019, Joseph Phelps Vineyards in Napa Valley in 2022, and prestige Provence rosé producer Château Minuty in 2023.
What companies has LVMH acquired?
LVMH is built entirely on relentless, massive M&A. Arnault has acquired over 70 massive brands. The absolute crown jewel of his M&A career occurred in 2021 when LVMH acquired American jeweler Tiffany & Co. for a staggering $15.8 billion (the largest luxury deal in human history). The deal was highly brutal; Arnault attempted to back out during the pandemic, sued Tiffany, forced them to lower the price, and then successfully finalized the mega-merger.
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