LVMH Moët Hennessy - Louis Vuitton, Société Européenne (0HAU.IL)
- InvestorPlace
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- Fortune
LVMH’s Bernard Arnault got a letter from 93-year-old Warren Buffett saying he was making a mistake by upping his retirement age to only 80
The Arnaults' clout in the luxury world has conjured "Succession" parallels over who might take over. But Bernard Arnault doesn't plan to retire just yet.
- Reuters
LVMH snaps up luxury Swiss clock maker L'Epee 1839
LVMH, the world's largest luxury group, has acquired Switzerland-based speciality clock maker L'Epee 1839, boosting its expertise in high-end watch making, the company said on Tuesday. The acquisition comes as luxury groups seek to cater to shoppers at the very high end of the market as the rising cost of living dampens demand for luxury goods. LVMH's watches division is headed by Frederic Arnault, one of the five children of LVMH chairman and CEO Bernard Arnault, who was promoted to the position in January.
