Dubai: Millennial Capital, the specialist consumer focused venture creation and management firm based in Dubai has recently identified personal accessories, specifically jewellery, as one of its key sectors of investment interest, and comments on Louis Vuitton Moet Hennessy’s (LVMH) ground-breaking purchase of Tiffany & Co. for about $16.2 billion.
Following months of extensive negotiation and weeks of speculation, LVMH has confirmed the landmark deal, the largest acquisition in the luxury group’s history and one of the biggest pieces of business the luxury retail industry. LVMH purchased Tiffany & Co. for approximately $135 per share after initially offering $120 per share.
“The acquisition of Tiffany by LVMH highlights the objectives of the French conglomerate to retain a global market leadership position in the personal accessories sector, specifically the jewellery category, estimated globally at $357 bn. Tiffany & Co. being one of the most desirable international jewellery brands, retaining 1% of the global jewellery category, will provide LVMH with an excellent market entry to deploy its luxury brand building knowledge and curated expertise, but also gain access into China and the USA, which are globally the two most attractive jewellery markets. Following the acquisition of Dior in June 2017 and Tiffany & Co. in 2019, we can further expect LVMH to continue its M&A strategy to further strengthen its portfolio of prestige brands in the near future," says Andreea Danila, Founder of Millennial Capital.
Millennial Capital’s recent personal accessories report reveals that among the key categories that contribute a majority of the personal accessories market size are jewellery (USD 357bn), bags & luggage (USD 150 bn), watches (USD 68 bn) and writing instruments (USD 21 bn). Globally, the jewellery category dominates two thirds of the market and with fine jewellery retaining c. 3.1% of total jewellery category. The estimated growth of the jewellery category is limited as the sector is facing disruption from key trends such as democratization of luxury, digitization and personalization driven by the millennials who represent c. 32% of total addressable consumers but also products of ethical living.
For interviews with Andreea Danila and more information, please don't hesitate to contact us.
Alveena
#KatchInternational
Alveena Abid
Engagement Consultant
Tameem House, Tecom, Office 2004
P.O.Box 122321 Dubai UAE
Tel +971 4 243 8577
Mob + 971 58 547 8611
Email alveena@katchthis.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
