LVMH and Ralph Lauren: A Potential Merger on the Horizon
If a deal were to be brokered, this M&A would be one of the largest in the apparel industry.
The post LVMH and Ralph Lauren: A Potential Merger on the Horizon appeared first on LUXUO.
Image: Dino Sabic
French luxury conglomerate LVMH is rumoured to buyout American fashion brand Ralph Lauren.
According to news site Axio, LVMH conducted discussions regarding the possible acquisition of Ralph Laurent over the past two years and if the deal proceeds, it is touted to be one of the largest in the industry. Just last year, in January, LVMH bought over Tiffany & Co., for US$15.8 billion.
Ralph Laurent himself founded the US brand in 1967, and through the years, it has become one of the top luxury fashion companies in the country. Currently, Laurent holds the position of Chief Creative Officer and Executive Chairman. At age 82, he is now considering a succession plan option.
Image: Ralph Lauren
READ MORE: Ralph Lauren Stock (and Flagship Store) has Sunk But Here?s Why You Should Buy
Being the parent company of major fashion brands like Louis Vuitton, Christian Dior, Celine and Fendi, LVMH can lead Ralph Laurent. The adding of Tiffany and its smooth transition boosted the confidence of the French luxury giant. Since the takeover and under the leadership of Alexandre Arnault, the American jeweller had undergone a significant rebrand designed to attract younger shoppers.
Financially, the New York-based company was hit hard by the pandemic, but its rec...
The post LVMH and Ralph Lauren: A Potential Merger on the Horizon appeared first on LUXUO.
Image: Dino Sabic
French luxury conglomerate LVMH is rumoured to buyout American fashion brand Ralph Lauren.
According to news site Axio, LVMH conducted discussions regarding the possible acquisition of Ralph Laurent over the past two years and if the deal proceeds, it is touted to be one of the largest in the industry. Just last year, in January, LVMH bought over Tiffany & Co., for US$15.8 billion.
Ralph Laurent himself founded the US brand in 1967, and through the years, it has become one of the top luxury fashion companies in the country. Currently, Laurent holds the position of Chief Creative Officer and Executive Chairman. At age 82, he is now considering a succession plan option.
Image: Ralph Lauren
READ MORE: Ralph Lauren Stock (and Flagship Store) has Sunk But Here?s Why You Should Buy
Being the parent company of major fashion brands like Louis Vuitton, Christian Dior, Celine and Fendi, LVMH can lead Ralph Laurent. The adding of Tiffany and its smooth transition boosted the confidence of the French luxury giant. Since the takeover and under the leadership of Alexandre Arnault, the American jeweller had undergone a significant rebrand designed to attract younger shoppers.
Financially, the New York-based company was hit hard by the pandemic, but its rec...
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