INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Jul 17, 5:18 AM EDT World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.
S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Business Richemont: Luxury Group In Sights Of LVMH'S Arnault? By Nathalie OLOF-ORS Published 07/17/24 AT 4:18 AM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket LVMH chief Bernard Arnault is one of the world's wealthiest people AFP The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South African billionaire Johann Rupert, always dismisses. But Bernard Arnault, chief executive of rival LVMH, the number one in the field, is building up a stake in Richemont -- a move which so far has triggered more questions than answers.
In May, Richemont announced that Rupert, 74, would hand off some of his responsibilities to a new CEO, Nicolas Bos. What makes Richemont a prize asset? The answer is in the figures. Based .