Author Topic: LVMUY: LVMH - Louis Vuitton Moet Hennessey  (Read 19962 times)

John Hjorth

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Re: LVMUY & MC.PA: LVMH Mot Hennessey - Louis Vuitton SE
« Reply #40 on: October 28, 2019, 06:34:06 AM »
LVMH Press release [October 28th 2019] : Press Release [about a potential bid for Tiffany & Co.].

Reuters [October 28th 2019] : LVMH woos Tiffany to tap fast-growing jewelery market.

It seems like a bid for Tiffany's from LVMH of USD 14.5 B has been turned down by Tiffany's board. I'm not sure Kering or Richemont can keep up here with competing bids [not similar acquisition capacity to LVMH]. I just took a quick glance at TIF 2018 Financials. After that, I have the same feeling here as with LVMH's Belmond acquisition.

It seems like last round of the hunt for trophy assets among the three World leaders in this space. Is there any real & material assets left to acquire for the three in this space? The only thing that I can come up with is the privately held Swiss watchmaker Patek Philippe.
« Last Edit: October 28, 2019, 06:35:41 AM by John Hjorth »
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DooDiligence

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Re: LVMUY & MC.PA: LVMH Mot Hennessey - Louis Vuitton SE
« Reply #41 on: October 28, 2019, 06:56:51 AM »
LVMH Press release [October 28th 2019] : Press Release [about a potential bid for Tiffany & Co.].

Reuters [October 28th 2019] : LVMH woos Tiffany to tap fast-growing jewelery market.

It seems like a bid for Tiffany's from LVMH of USD 14.5 B has been turned down by Tiffany's board. I'm not sure Kering or Richemont can keep up here with competing bids [not similar acquisition capacity to LVMH]. I just took a quick glance at TIF 2018 Financials. After that, I have the same feeling here as with LVMH's Belmond acquisition.

It seems like last round of the hunt for trophy assets among the three World leaders in this space. Is there any real & material assets left to acquire for the three in this space? The only thing that I can come up with is the privately held Swiss watchmaker Patek Philippe.

Maybe someone will make another run at Hermes?

 ???

http://www.thefashionlaw.com/home/hermes-vs-lvmh-a-timeline-of-the-drama

---

https://qz.com/970211/with-the-acquisition-of-christian-dior-almost-all-of-luxury-fashion-including-gucci-and-hermes-is-now-owned-by-two-french-families-the-arnaults-and-pinaults/
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CorpRaider

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Re: LVMUY: LVMH - Louis Vuitton Moet Hennessey
« Reply #42 on: October 28, 2019, 07:07:17 AM »
JFC was waiting on TIF to dip into 80s again.   :'(

John Hjorth

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Re: LVMUY & MC.PA: LVMH Mot Hennessey - Louis Vuitton SE
« Reply #43 on: October 28, 2019, 08:57:33 AM »
Maybe someone will make another run at Hermes?

 ???

http://www.thefashionlaw.com/home/hermes-vs-lvmh-a-timeline-of-the-drama

---

https://qz.com/970211/with-the-acquisition-of-christian-dior-almost-all-of-luxury-fashion-including-gucci-and-hermes-is-now-owned-by-two-french-families-the-arnaults-and-pinaults/

Great!, Jeff, thank you for sharing,

The first link of yours actually deserves a partly quote :

Quote
In October 2010, the fashion world was slapped with some striking news. As noted by no shortage of publications at the time, Herms' then-CEO Patrick Thomas would only find out two hours before the rest of the world about the shocking development that would take his company by storm. In fact, he received the news while cycling through the French Alps. He received a phone call; it was Bernard Arnault, chairman of LVMH Mot Hennessy Louis Vuitton.

The call was reportedly quite brief - made purely to alert Mr. Thomas that LVMH would be announcing that it had acquired a 17% stake in Herms, largely a family controlled company, in which the Puech, Dumas and Guerrands controlled a 70 per cent stake. Thomas was - according to sources - so enraged, his response to Mr. Arnault was simply this: If you want to seduce a beautiful woman, you dont start by raping her from behind. ...


The entertainment value is great. [ : - ) ]

- - - o 0 o - - -


Personally, I have ruled out Herms as an acquisition object in this race, because the Herms family has absolute control [north of 70 percent of the total votes, according to the latest [2018] Hermes Registration Document].

Mr. Arnault is now basically only involved in Hermes via his private [family controlled] investment vehicle Semyrhamis with a bit north of 5 percent in Hermes. [He used Semyrhamis to gain control of Dior, the immediate parent of LVMH, now many years ago. One will have to study Dior to get a detailed understanding of the superstructure of LVMH - It's not available on the LVMH website.]

- - - o 0 o - - -

Ohh, I forgot : Over time, there will perhaps be French top notch Wine Chateaus available ... - Most likely at ridiculous prices! ...

- - - o 0 o - - -

-Those French corporate raiders are actually very special ... [- Please add Mr. Bollor here.] They fear nothing, but :

a. French inheritance taxes, and
b. Their kids selling controlling stock positions.
« Last Edit: October 28, 2019, 09:16:44 AM by John Hjorth »
In the race of excellence there is no finish line.
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

DooDiligence

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Re: LVMUY: LVMH - Louis Vuitton Moet Hennessey
« Reply #44 on: October 28, 2019, 12:56:33 PM »
One of these days, I'd like to own a little bit of LVMH or Hermes.

They just seem so durable.
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John Hjorth

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Re: LVMUY & MC.PA: LVMH Mot Hennessey - Louis Vuitton SE
« Reply #45 on: October 28, 2019, 02:03:50 PM »
One of these days, I'd like to own a little bit of LVMH or Hermes.

They just seem so durable.

This sort of companies are wonderful [and there are actually very few existent on the planet right now]. However it's not by any mean clear that they at recent market price levels are wonderful investments. Patience is key [and you may eventually end up getting it totally wrong anyway!] ... [ Joel Stevens, Austin Value Capital [December 31st 2015] : Price and Returns].

Absolutely not for everybody. Personally, I've concluded, that - at least for me - the best way is to average in - over a time span of several years [no guaranties even given that it will play out].
« Last Edit: October 28, 2019, 02:25:26 PM by John Hjorth »
In the race of excellence there is no finish line.
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DooDiligence

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Re: LVMUY & MC.PA: LVMH Mot Hennessey - Louis Vuitton SE
« Reply #46 on: October 29, 2019, 04:54:59 AM »
One of these days, I'd like to own a little bit of LVMH or Hermes.

They just seem so durable.

This sort of companies are wonderful [and there are actually very few existent on the planet right now]. However it's not by any mean clear that they at recent market price levels are wonderful investments. Patience is key [and you may eventually end up getting it totally wrong anyway!] ... [ Joel Stevens, Austin Value Capital [December 31st 2015] : Price and Returns].

Absolutely not for everybody. Personally, I've concluded, that - at least for me - the best way is to average in - over a time span of several years [no guaranties even given that it will play out].

Are we attracted to luxury businesses in the same way that their customers are attracted to their products?
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John Hjorth

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Re: LVMUY & MC.PA: LVMH Mot Hennessey - Louis Vuitton SE
« Reply #47 on: October 29, 2019, 04:50:03 PM »
Are we attracted to luxury businesses in the same way that their customers are attracted to their products?

Jeff,

No! - And that's an absolute & personal "No!" from me.

- - - o 0 o - - -

Honestly, the last month or so, some IRL issues have caught up with me, [not that serious, but they have had to be dealt with]. I'll elaborate later, and I also [off topic] look forward to get the communication here on CoBF on the fly again with regard to ODET.PA & BOL.PA.
« Last Edit: October 29, 2019, 04:52:25 PM by John Hjorth »
In the race of excellence there is no finish line.
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

sleepydragon

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Re: LVMUY: LVMH - Louis Vuitton Moet Hennessey
« Reply #48 on: October 29, 2019, 06:52:38 PM »
One of these days, I'd like to own a little bit of LVMH or Hermes.

They just seem so durable.

Richemond seems cheap. About 15 PE. Up today on TIF news

DooDiligence

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Re: LVMUY: LVMH - Louis Vuitton Moet Hennessey
« Reply #49 on: October 30, 2019, 05:24:53 AM »
One of these days, I'd like to own a little bit of LVMH or Hermes.

They just seem so durable.

Richemond seems cheap. About 15 PE. Up today on TIF news

 ;)

Thanks, I'd forgotten about them.

They do own a lot of venerable old lines.
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