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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.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 . The 75-year-old chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton SE is not there to shop. 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.
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 . The 75-year-old chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton SE is not there to shop.
Chen estimated that LVMH would pay a 30 percent premium for Richemont, or more than 109 billion euros, in a deal composed of 25 percent stock and 75 percent cash, with . LVMH (LVMUY-0.22%) and Richemont (CFRH.F 1.50%) are two of the bellwethers of that resilient industry. LVMH's European shares have declined just 3% this year, .
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After reporting a year of record-breaking profit revenue, rumours have begun to circulate that French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) is considering a takeover of . LVMH Moët Hennessy Louis Vuitton, which first unveiled plans for a global blockchain-based system in 2019, will be joined by Prada Group and Compagnie Financière .Today most of the best-known brands belong to a diversified group like LVMH, Richemont, or Kering. The success of such groups contradicts the management notion that a focus on one . Luxury fashion brands poised to join the NFT party. The announcement of the new Aura Blockchain Consortium by LVMH, Prada and Richemont threw the blockchain into the .
-- 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. 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.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 . The 75-year-old chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton SE is not there to shop.
Chen estimated that LVMH would pay a 30 percent premium for Richemont, or more than 109 billion euros, in a deal composed of 25 percent stock and 75 percent cash, with .
LVMH (LVMUY-0.22%) and Richemont (CFRH.F 1.50%) are two of the bellwethers of that resilient industry. LVMH's European shares have declined just 3% this year, .
After reporting a year of record-breaking profit revenue, rumours have begun to circulate that French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) is considering a takeover of . LVMH Moët Hennessy Louis Vuitton, which first unveiled plans for a global blockchain-based system in 2019, will be joined by Prada Group and Compagnie Financière .Today most of the best-known brands belong to a diversified group like LVMH, Richemont, or Kering. The success of such groups contradicts the management notion that a focus on one . Luxury fashion brands poised to join the NFT party. The announcement of the new Aura Blockchain Consortium by LVMH, Prada and Richemont threw the blockchain into the .
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