The soap opera also known as the largest deal in luxury, the LVMH Moet Hennessy Louis Vuitton-Tiffany acquisition finally has a happy ending.
奢侈品界史上最大的一笔交易,即LV母公司法国LVMH集团收购蒂凡尼的这出肥皂剧终于圆满落幕了。
The two companies originally announced their synergistic engagement last November only to engage in months of public mudslinging after the pandemic hit the luxury market and LVMH's commitment turned wobbly.But on Thursday they said they had agreed to new terms.
去年十一月,两家公司本已宣布了并购意向,但是在新冠疫情给奢侈品市场带来重创的情况下,LVMH集团此前的收购承诺变得摇摇欲坠,之后双方陷入了数月的互撕大战。但是上周四,双方表示已经达成了新的协议。
LVMH will acquire Tiffany for one-hundred-and-thirty-one dollars fifty a share, three dollars fifty less than the original price.
That will save Bernard Arnault, the chairman of LVMH, and his shareholders the relatively low amount of four-hundred-and twenty million dollars off the original sixteen-point-two-billion-dollar price, and it will keep Tiffany from being left to fend for itself in an uncertain luxury environment.
LVMH集团将以每股131.50美元的价格收购蒂凡尼,每股比原价低了3.50美元。这样一来,与原方案162亿美元的收购价格相比,新方案为LVMH董事长贝尔纳•阿尔诺和股东们省去了4.2亿美元。而蒂凡尼也避免了在奢侈品行业充满变数的大环境中自谋生路的命运。
It has been a drama-filled relationship, however, beginning in September when LVMH went public with the news that the French government-the government!-had asked it to wait on closing the deal.
但是,这段孽缘从9月开始充满戏剧性:当时,LVMH发布消息,竟然搬出法国政府,称后者要求其暂缓完成交易。
Tiffany charged delaying tactics. Tiffany filed suit in a Delaware court for breach of obligations.LVMH countersued, saying the damage to Tiffany in twenty-twenty meant it was no longer the same company it had agreed to acquire. Luxury watchers looked on in slack-jawed astonishment.
Tiffany控告LVMH集团采取了延迟策略,并以其不履行合同义务为由向美国特拉华州地区法院提起诉讼。LVMH则反诉称蒂凡尼在2020年蒙受巨大损失,这也意味着它不再是当初他们同意收购的那个蒂凡尼公司。奢侈品界的观察者们纷纷惊得目瞪口呆。
Extremely competitive, unafraid of a fight and undaunted by public opprobrium, Mr.Arnault did not always emerge with the brand he wanted-though he always made money, solidifying his reputation as the Sun Tzu of luxury.
阿尔诺极富竞争精神,不怕撕破脸,对公众的谴责置若罔闻,他并非总会并购他看上的品牌,但他总能赚到钱,这坐实了他“奢侈品界最懂孙子兵法的人”的名号。
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