After Ditching Tiffany, is LVMH Now Courting Cartier?

By John Jeffay / October 06, 2020 / www.idexonline.com / Article Link

(IDEX Online) - There's the hint of a new twist in the Tiffany takeover saga, with speculation that LVMH may be more interested in a jeweler closer to home - Cartier.Industry experts are suggesting that the French luxury conglomerate LVMH could be considering a bid instead for Swiss-based Cie Financiere Richemont SA, owners of the French jeweler and watchmaker Cartier.LVMH Moet Hennessy Louis Vuitton SE is embroiled in an an acrimonious legal tussle with US-based Tiffany & Co, after pulling out of a much-heralded $16.2bn acquisition last month.There is speculation that LVMH chairman Bernard Arnault, Europe's richest man, may have set his sights on another way to firm up his group's position in hard luxury, with the purchase of Richemont, the world's biggest branded jeweler by market share.An opinion piece on the Bloomberg financial news website suggests the price tag for Richemont could be three times as much as the price agreed for Tiffany, but notes that LVMH has deep enough pockets.

Recent News

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com

Most major producers rise but TSXV gold mixed

October 06, 2025 / www.canadianminingreport.com

Platinum, palladium, copper gain on green China, supply constraints

September 29, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok