Bernard Arnault confirms small stake in Richemont
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
0mins
Source: SeekingAlpha
Arnault's Stake in Richemont: Bernard Arnault, CEO of LVMH, confirmed he holds a minor stake in Richemont and emphasized his good relationship with its owner, Johann Rupert, stating he would never act against him.
Industry Speculations: Arnault's comments follow reports of potential takeover rumors regarding Richemont by LVMH, although he insists that Rupert values independence.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
