Category: Richemont
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LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports By Reuters
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ZURICH (Reuters) – French billionaire Bernard Arnault, Europe’s richest man and head of the high-end fashion division of champagne group LVMH, has bought a stake in smaller luxury goods rival Richemont, Bloomberg reported on Tuesday. The exact size of the Cartier jewelery owner’s shareholding and Arnault’s intentions are unclear, the…