LVMH to acquire Etude Tajan in step to beat Christie's

Article Abstract:

LVMH Moet Hennessy Louis Vuitton SA will purchase French auction house Etude Tajan. The deal enhances LVMH's global art market presence.

Miscellaneous retail stores, not elsewhere classified, Art Dealers, Auctioneers, Art Dealers, Auction firms, Etude Tajan

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LVMH acquires stake in Italy's Gucci Group

Article Abstract:

LVMH Moet Hennessy Louis Vuitton SA announced that it acquired a share of more than 5% of Gucci Group NV. Gucci is the Italian-based luxury good rival of LVMH, which has been severely hurt by the Asian economic crisis and retail division losses. The company had been seeking acquisitions in order to strengthen its main luxury-goods business.

Comment:

LVMH acquires a share of more than 5% of Gucci Group NV

Netherlands, LEATHER AND LEATHER PRODUCTS, Leather & Products, Leather and Allied Product Manufacturing, Gucci Group N.V., Leather industry, Leather goods

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LVMH offers to buy TAG in 746.5 million euros deal

Article Abstract:

LVMH Moet Hennessy Louis Vuitton SA has made a bid to acquire TAG Heuer SA in a deal valued at 1.2 billion Swiss franc (746.5 million euros). LVMH's watch portfolio would be expanded significantly if the deal were to push through. The deal is also reflective of an ongoing acquisition pattern in the luxury goods industry. LVMH is a luxury goods group based in France. TAG is a manufacturer of watches based in Switzerland.

Comment:

LVMH bids to acquire TAG Heuer in deal valued at 1.2 billion Swiss franc (746.5 million euros)

Switzerland, Watches, Watch, Clock, and Part Manufacturing, Clock and watch industry, Clock industry, Watch industry, TAG-Heuer S.A.

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