The Latest Investments as LVMH take ownership of a key supplier to Hermès, and battles Saudi Arabian billionaire prince, Al Waleed Bin Talal, for Aman Resorts
When it came to investment news in 2011, no one name has been as significant as LVMH in the luxury world. Between LVMH Group, Groupe Arnault and freshly launched branches of L Capital, the associated French powerhouses have engaged Indian, Italian, French and Singaporean brands, with interests in fine jewellery, accessories, menswear and fashion.
There was the sudden acquisition of Bulgari, for over 4 billion euros, followed by a surprise 20% holding in Hermès. L Capital Asia valued a 20% stake in footwear brand Charles & Keith at a cool $30 million, whilst L Capital Asia was reported to be negotiating with Gitanjali Group, to the tune of over $100 million. French accessories firm TWC L’Amy sold 35% for an undisclosed amount and if recent speculation is anything to go by, Aman Resorts could be next on the list. As we wait with baited breath, to see if LVMH adds luxury hotels to its portfolio, we present a round-up of the need to know investment activity in the luxury sector.
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