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LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle.ZURICH, June 25 (Reuters) - French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH (LVMH.PA), has bought a stake in smaller luxury.
Richemont is having a moment. The Swiss conglomerate is beating LVMH at its own luxury game thanks to big jewelry brands like Cartier . Bernard Arnault, the billionaire founder of luxury goods group LVMH, has bought shares in Richemont, the rival Swiss-based conglomerate behind high-end jeweller Cartier. The stake is too small.
LVMH chairman and CEO Bernard Arnault has reportedly built a small personal stake in Swiss luxury company (and LVMH rival) Richemont, . Oliver Chen, an analyst at TD Cowen, followed up on “unsubstantiated news reports” that LVMH chief Bernard Arnault was interested in Richemont’s Cartier brand, and ran the numbers on just .
People familiar with the fashion giant have said in the past that the company would readily acquire Richemont's jewelry business Cartier if it ever came up for sale, according to the report. LVMH and Richemont did not immediately . It’s been reported that LVMH is looking to acquire Richemont. The Switzerland-based luxury goods holding company is parent to Cartier, Chloé, Montblanc, IWC, A. Lange & .
Zurich — French billionaire Bernard Arnault, Europe’s richest man and chair of high fashion to champagne group LVMH, has bought a stake in smaller luxury rival Richemont, Bloomberg reported on.
LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle.ZURICH, June 25 (Reuters) - French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH (LVMH.PA), has bought a stake in smaller luxury. Richemont is having a moment. The Swiss conglomerate is beating LVMH at its own luxury game thanks to big jewelry brands like Cartier and Van Cleef. Bernard Arnault, the billionaire founder of luxury goods group LVMH, has bought shares in Richemont, the rival Swiss-based conglomerate behind high-end jeweller Cartier. The stake is too small.
LVMH chairman and CEO Bernard Arnault has reportedly built a small personal stake in Swiss luxury company (and LVMH rival) Richemont, which owns brands including Cartier, Van Cleef & Arpels and Chloé, as reported by Bloomberg on Tuesday. The size of Arnault’s stake is undisclosed, as is when he built it.
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Oliver Chen, an analyst at TD Cowen, followed up on “unsubstantiated news reports” that LVMH chief Bernard Arnault was interested in Richemont’s Cartier brand, and ran the numbers on just .People familiar with the fashion giant have said in the past that the company would readily acquire Richemont's jewelry business Cartier if it ever came up for sale, according to the report. LVMH and Richemont did not immediately respond to MT Newswires' requests for comment.”
It’s been reported that LVMH is looking to acquire Richemont. The Switzerland-based luxury goods holding company is parent to Cartier, Chloé, Montblanc, IWC, A. Lange & Söhne, Van Cleef & Arpels, Jaeger-LeCoultre, Panerai, Piaget and Vacheron Constantin in addition to retail platforms under YOOX Net-a-Porter Group. Zurich — French billionaire Bernard Arnault, Europe’s richest man and chair of high fashion to champagne group LVMH, has bought a stake in smaller luxury rival Richemont, Bloomberg reported on. -- LVMH Moet Hennessy Louis Vuitton's Chief Executive Bernard Arnault has built a small personal stake in Cartier owner Richemont, Bloomberg reports, citing unnamed sources.
LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle.
ZURICH, June 25 (Reuters) - French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH (LVMH.PA), has bought a stake in smaller luxury. Richemont is having a moment. The Swiss conglomerate is beating LVMH at its own luxury game thanks to big jewelry brands like Cartier and Van Cleef. Bernard Arnault, the billionaire founder of luxury goods group LVMH, has bought shares in Richemont, the rival Swiss-based conglomerate behind high-end jeweller Cartier. The stake is too small.
LVMH chairman and CEO Bernard Arnault has reportedly built a small personal stake in Swiss luxury company (and LVMH rival) Richemont, which owns brands including Cartier, Van Cleef & Arpels and Chloé, as reported by Bloomberg on Tuesday. The size of Arnault’s stake is undisclosed, as is when he built it. Oliver Chen, an analyst at TD Cowen, followed up on “unsubstantiated news reports” that LVMH chief Bernard Arnault was interested in Richemont’s Cartier brand, and ran the numbers on just .
People familiar with the fashion giant have said in the past that the company would readily acquire Richemont's jewelry business Cartier if it ever came up for sale, according to the report. LVMH and Richemont did not immediately respond to MT Newswires' requests for comment.”
It’s been reported that LVMH is looking to acquire Richemont. The Switzerland-based luxury goods holding company is parent to Cartier, Chloé, Montblanc, IWC, A. Lange & Söhne, Van Cleef & Arpels, Jaeger-LeCoultre, Panerai, Piaget and Vacheron Constantin in addition to retail platforms under YOOX Net-a-Porter Group. Zurich — French billionaire Bernard Arnault, Europe’s richest man and chair of high fashion to champagne group LVMH, has bought a stake in smaller luxury rival Richemont, Bloomberg reported on.
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