The luxury market could soon experience a new balance of power, which would see the Parisian group LVMH and its CEO, Bernard Arnault, ascend to a new level of authority, wealth and influence: the expansionist aims of the luxury giant, in fact, now involve Richemont, a Swiss luxury goods holding company, and a premium brand under its influence, CARTIER.
According to the Swiss newspaper Finance and Wirtschaft, LVMH would aim to supplement its stock jewelry and watch segment also maison Cartier, which would thus accompany BVLGARI, Tiffany & Co.,e Chaumet.
It would seem like a fight between giants, counting that Richemont is there fourth luxury company in the world by market capitalization, with an extensive portfolio of 26 fashion houses and businesses, including Chloé, Montblanc. , IWC, A. Lange & Söhne, Van Cleef & Arpels, Jaeger-LeCoultre, PANERAI, Piaget e Vacheron Constantin, In addition to retail platforms di YOOX Net-a-Porter Group.
Still uncertain, however, will be the outcome of this clash: what is certain is the economic and corporate strategy of the Richemont group, which has always been conservative and cautious in its movements, but difficult to corrupt.
“Our board may be slower and more conservative than others. But his openness and impartiality are precisely his advantage. I won't get blackmailed“, the CEO and founder of the group had declared in the past, Johann Rupert, regarding a possible sale of his group.
