LVMH Chairman Bernard Arnault has acquired a personal stake in Richemont ($CFR.SW), the Swiss-owned luxury conglomerate and owner of Cartier. This move has sparked speculation about a potential takeover scenario. The news coincides with the relaunch of Bloomberg Businessweek as a monthly magazine, featuring a cover story on Arnault by Brad Stone. The profile explores Arnault's journey to becoming one of the world's richest individuals and delves into LVMH's strategic maneuvers in the luxury market. Arnault's comment from Q4 2023 and insights from Vogue Business add further context to this development.
The House of Arnault: His company, LVMH, bought up many of the world’s major luxury brands. And he’s not finished shopping. https://t.co/SvsU5hEFCU
Bernard Arnault, CEO of luxury conglomerate LVMH, once said: “As long as I’m not the richest man in the world, I won’t really be happy.” https://t.co/T9ObmqRScy https://t.co/xUss5K9TeM
New Bloomberg profile on Bernard Arnault with details on LVMH’s real estate strategy (and why it’s key to beating luxury rivals) https://t.co/ExLwHPbq4p
Interesting (and subtly savage) move by Bernard Arnault: The LVMH Chairman and richest man in the world, just bought shares in rival company Richemont. Some quick details: https://t.co/KYWe8Cqo3T
Lots of excitement over the fact that LVMH's Bernard Arnault has taken a small stake in Swiss-owned luxury conglomerate Richemont. I chatted with Vogue Business about the move... https://t.co/P1MZWit4rn
LVMH boss Bernard Arnault reportedly buys stake in Cartier owner, sparking takeover rumors https://t.co/8hojMlu6ZU https://t.co/KzLcpzjOIC
This morning, it was publicly announced that $LVMH's Bernard Arnault has invested a personal stake in Richemont $CFR.SW – the second largest luxury conglomerate in the world. This has sparked speculation about a potential takeover scenario. Arnault's comment from the Q4 2023… https://t.co/qUrbHepkzE
i'm so excited about the re-launch of @BW under the amazing @BradStone, who also co-authored the *luxurious* cover story with @arascouet. check it out! https://t.co/TTSCcYFlLP
LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports https://t.co/2RiYxKOc7X https://t.co/JTUlIIupKC
$MC.PA #LVMH #luxury How Bernard Arnault Became One of the World’s Richest People: https://t.co/wx5uojFyI8 https://t.co/UwJ8deKEX6
People close to LVMH billionaire Bernard Arnault say he's bought a personal stake in Cartier owner Richemont Read the Big Take: https://t.co/2YZmN1BAkw via @BW
Today we launch the first monthly print edition of the new Businessweek. On the cover, @BradStone goes to Paris to profile one of the most consequential figures in the history of consumerism: LVMH head Bernard Arnault. https://t.co/p7WPblpLwU
Huge congrats to @BradStone and the whole @BW team on the relaunch of the magazine as a monthly with a new look and feel. Incredible amount of work went into this and into the splendid Bernard Arnault profile. 🍾👛🕴️ https://t.co/vYJVOaJPSz