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Arnault Family Values

News and notes on the Arnaults’ Richemont investment and the paterfamilias’ magazine treatment.

Bernard Arnault Delphine Arnault Antoine Arnault
Given LVMH’s current focus on scaling already enormous brands, it seems unlikely that Arnault would want all of Richemont. Photo: Yoan Valat/Pool/AFP/Getty Images
Lauren Sherman
June 26, 2024

Yesterday, Bloomberg reported that Bernard Arnault made a small investment in Richemont, the Swiss luxury group that owns Cartier and Van Cleef & Arpels, as well as fashion brands including Chloé and Alaïa. The stake was casually positioned as a simple case of family-office portfolio diversification. Of course, we all know that’s not what this is, and that releasing this information was a signal to the broader market that LVMH is interested in further conquest-style acquisitions at a gargantuan level.