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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. 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. Bernard Arnault confirmed he bought a small stake in Cartier owner Richemont, as the chief executive officer of rival luxury conglomerate LVMH seeks to cool speculation about . LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle. 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. Bernard Arnault confirmed he bought a small stake in Cartier owner Richemont, as the chief executive officer of rival luxury conglomerate LVMH seeks to cool speculation about his intentions. 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.
But the latest murmur is that LVMH might want to follow up its biggest deal ever — the .8 billion acquisition of Tiffany & Co. in 2021 — by going much bigger with a takeover of Richemont. Provided by Dow Jones. -- LVMH Moet Hennessy Louis Vuitton's Chief Executive Bernard Arnault has built a small personal stake in Cartier owner Richemont, Bloomberg reports, citing unnamed. 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. According to a report from Swiss newspaper Finanz und Wirtschaft, LVMH is looking to acquire Cartier from Richemont as a complement to Tiffany & Co., acquired in 2021.
Cartier, made famous by the sisters’ jangling Love Bangles, is in the sights of LVMH Moet Hennessy Louis Vuitton SE, according to Swiss paper Finanz und Wirtschaft. There are “whispers” in the. LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle.
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. Bernard Arnault confirmed he bought a small stake in Cartier owner Richemont, as the chief executive officer of rival luxury conglomerate LVMH seeks to cool speculation about his intentions. 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.
But the latest murmur is that LVMH might want to follow up its biggest deal ever — the .8 billion acquisition of Tiffany & Co. in 2021 — by going much bigger with a takeover of Richemont. Provided by Dow Jones. -- LVMH Moet Hennessy Louis Vuitton's Chief Executive Bernard Arnault has built a small personal stake in Cartier owner Richemont, Bloomberg reports, citing unnamed. 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.
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According to a report from Swiss newspaper Finanz und Wirtschaft, LVMH is looking to acquire Cartier from Richemont as a complement to Tiffany & Co., acquired in 2021.
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