LVMH To Acquire Richemont, Cartier: Rumour

[Grand Maven]

Good.

I'm glad they said no to LVMH, but they also said no to Kering. Merging with Kering would mean they can compete with LVMH who only recently became Europe's first $500 billion company:

LVMH Just Became Europe’s First $500 Billion Company

Booming sales of luxury goods in China and strengthening euro factor into the company’s new milestone, alongside lucrative share prices.

robbreport.com

 

[darkangel07760]

Richemont Shoots Down Reports of LVMH Takeover Interest

Chairman Johann Rupert spoke after the Cartier-owner reported annual earnings above analyst estimates.

www.businessoffashion.com

Couldn’t read the article sadly but that is good news.

 

[Grand Maven]

Couldn’t read the article sadly but that is good news.

You need to make an account to read their articles, but it's free to do so.

 

[darkangel07760]

You need to make an account to read their articles, but it's free to do so.

Thanks for letting me know