Percorrer por autor "Schmidt, Maxim Leonard"
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- Furnishing the future : an analysis of the proposed acquisition of Roche Bobois by LVMHPublication . Schmidt, Maxim Leonard; Assunção, António Borges deThis thesis analyzes the potential acquisition of Roche Bobois by the luxury brand conglomerate LVMH. The group follows a diversification strategy and continuously seeks new opportunities both within and beyond its existing core segments. The study examines the premium furniture market, identifying strong growth drivers and a favorable environment for future acquisitions. A closer look at LVMH reveals that some portfolio segments have recently underperformed in terms of returns and growth, justifying the potential inclusion of a new market. Roche Bobois is identified as a potential target within the luxury furniture segment due to its market position, brand recognition, and stable financials. With a target share price of €52.8, the valuation analysis suggests Roche Bobois is slightly undervalued, making this an opportune time for LVMH to enter the luxury furniture market. Although synergies are not the primary rationale for the deal, several cost and revenue synergies are expected to materialize in the years following the transaction. The analysis recommends offering a 36% acquisition premium to acquire Roche Bobois via an all-cash transaction. Post-acquisition, focus should shift to successful integration within the group. If integration proves effective, further acquisitions in this segment could follow, unlocking additional synergies and enhancing LVMH’s portfolio.