LVMH (Louis Vuitton Moet Hennessy) has acquired main Swiss clockmaker L’Epée 1839.
The world’s largest luxurious group continues to amass common luxurious manufacturers, such because it did with Tiffany & Co., thus including to its top-line income, market share, and in the end to its bottom-line revenue.
L’Epée 1839 makes clocks with its label (and below Swiza and Matthew Norman manufacturers), in addition to for a lot of others reminiscent of MB&F, Hodinkee (LVMH owns a large stake in Hodinkee), and Tiffany & Co. (LVMH owns 100% stake).
This acquisition will presumably enable LVMH to unleash L’Epée 1839 designs inside adjoining manufacturers reminiscent of TAG Heuer, Zenith, Hublot, Louis Vuitton, Bulgari, and Tiffany & Co.
“L’Epée has initiated a lot of watchmaking partnerships that we’ll preserve and develop with Arnaud Nicolas (chief government and inventive director of L’Epee),” says Frédéric Arnault, the chairman of LVMH Watches Division, “I’m excited by the untapped artistic potential of the assorted LVMH Group Maisons related to this distinctive experience.”
Arnaud Nicolas, who has been chief government and inventive director of L’Epee since 2009, will proceed main the corporate.
After this comparatively small acquisition (L’Epée 1839 acquisition numbers weren’t disclosed), there’s new hypothesis that LVMH boss Bernard Arnault, has his sights set on probably making a bid to amass Cartier-owner, the Richemont Group.
