Compagnie Financière Richemont SA (CFR.SW)
- The Telegraph
Europe’s richest man buys stake in Cartier owner amid takeover speculation
Europe’s richest man Bernard Arnault has bought personal shares in a rival to his luxury empire LVMH, in a move expected to fuel speculation over a possible takeover.
- Reuters
LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports
French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH, has bought a stake in smaller luxury rival Richemont, Bloomberg reported on Tuesday. The exact size of the shareholding in the owner of Cartier jewellery and Arnault's intentions are unclear, the report said. Representatives of Arnault did not immediately respond to a request for comment.
- Bloomberg
Arnault Said to Have Bought Stake in Cartier Owner Richemont
(Bloomberg) -- Bernard Arnault has taken a personal equity stake in Cartier parent company Richemont, according to people familiar with the French billionaire’s investments.Most Read from BloombergNvidia Rout Takes Breather as Traders Scour Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiWikileaks’ Assange Headed to Saipan to Plead Guilty in US CaseIsrael Court Calls Ultra-Orthodox Men Into Army as Crisi
