LVMH’s Bernard Arnault buys stake in Cartier owner Richemont: report
LVMH Chairman Bernard Arnault has reportedly bought a stake in a luxury goods rival that owns Cartier, sparking rumors of a possible takeover battle. The mercurial French billionaire, currently the world’s third-richest person with a net worth of $197 billion, according to Forbes magazine, has acquired a stake in Swiss-based Richemont, but the amount is […]
European markets start the week mixed; Richemont up 5% – CNBC
46 minutes ago European stocks open mixed European stocks had a cautious start on Monday, with the regional Stoxx 600 index up 0.07% by 8:40 a.m. in London after opening near flat. Germany’s DAX, Britain’s FTSE 100 and France’s CAC 40 all rose about 0.25%. See chart… STOXX 600 index. Friday, May 17, 2024 12:59 […]