(Associated Press)

Recently, foreign media reported that LVMH, the leader of the luxury group, intends to acquire Richemont, another luxury group headquartered in Switzerland. The news shocked the boutique fashion circle, and the main reason behind it was LVMH President Bernard De Arnault (Bernard Arnault) is the favorite of Cartier, a subsidiary of Richemont Group.

If you search for foreign news with keywords such as "LVMH" and "Richemont", you will see a series of shocking news about the former's possible acquisition of the latter. Regarding the news that LVMH Group intends to acquire Richemont Group, the report shocked the boutique circle, and described it as "making a car behind closed doors" to make the news more authentic and confidential.

LVMH Group is currently the world's largest luxury goods group, led by the world's richest man Bernard Arnault. Its brands include jewelry and watches, boutique fashion, and alcohol, with a market value of more than 390 billion euros.

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Richemont Group is a luxury group headquartered in Switzerland and ranked fourth in the world, with an estimated market value of about 74 billion euros. It owns first-line jewelry and watch brands headed by Cartier. According to reports, Bernard Arnault has a special interest in Cartier. Clocks, especially appreciate the characteristic precious stones owned by Cartier.

The "Finanz und Wirtschaft" report stated that the news received so far is only "whispers", but there is no such thing as a storm, especially in the boutique circle.

(Reuters)

The LVMH group led by the world's richest man Bernard Arnault reported that it intends to acquire the Richemont Group, which mainly focuses on jewelry and watches.

(Associated Press)

The LVMH Group made a big move to acquire the American jewelry brand Tiffany in 2021. At that time, it expressed its determination to expand its jewelry territory. Currently, the LVMH Group’s jewelry brands other than Tiffany include BVLGARI, Chaumet, FRED, etc. If the purchase of Richemont Group comes true, in addition to Cartier, jewelers such as Van Cleef & Arpels and Piaget will also be under the LVMH Group.

The European boutique fashion media "FashionUnited" also pointed out in a report that if LVMH successfully acquires Richemont Group in the future, it will exclusively own Tiffany, Cartier and Bulgari, which will make LVMH a new jewelry leader.

From the perspective of professional watchmaking, the acquisition completes the watch business of the LVMH Group. The history of Vacheron Constantin, Panerai, Jaeger-LeCoultre and IWC under Richemont The brand will become a partner of the original LVMH Group including TAG Heuer, Hublot and Zenith.

As of now, neither of the two major groups has responded to whether the news is true, and observing the latest stock market fluctuations this week, investors are still unaffected by rumors. LVMH shares rose slightly by 2.5% in early trading, and Richemont Group also rose. 1%.

Headquartered in Switzerland, Richemont Group includes several jewelry and watch brands.

(Reuters)

It is said that Mr. Arnault, president of LVMH, has a soft spot for Cartier, a subsidiary of Richemont Group.

(Reuters)

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