Insiders

LVMH's Bernard Arnault Built Stake in Cartier Owner Richemont, Bloomberg Reports

June 25, 2024 at 12:12 pm

-- 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.

-- The company behind the Louis Vuitton, Dior and Celine brands would consider buying Richemont, as well as other brands such as Prada and Armani, if they came up for sale, according to Bloomberg.

-- LVMH and Richemont didn't immediately respond to a request for comment.

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Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

06-25-24 0712ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
LVMH	713.6 EUR	-0.27%	-0.52%	381B
COMPAGNIE FINANCIERE RICHEMONT	140.2 CHF	-1.23%	+0.94%	93.36B
CHRISTIAN DIOR SE	671.5 EUR	-0.89%	-1.03%	131B

Bernard Arnault

Bernard Arnault is a French businessperson who has been at the helm of 10 different companies and presently holds the position of Chairman of Christian Dior SE, Chairman for Château Cheval Blanc SC, Chairman & Chief Executive Officer at LVMH Moët Hennessy Louis Vuitton SE, Co-Chairman of Groupe Arnault SE and President for Groupe Arnault SE. He is also Chairman for Fondation Louis Vuitton pour la Création and on the board of 5 other companies. He previously held the position of Chairman & Chief Executive Officer of Ferret Savinel Co., Chairman & Chief Executive Officer for Nexity SA, Chairman & Chief Executive Officer for Société Financière Agache SA and Chairman & Chief Executive Officer at Financière Agache SA. Mr. Arnault received an undergraduate degree from Ecole Polytechnique.

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