LVMH and Bernard Arnault set their eyes on Richemont

According to a recent report by the Swiss magazine Finanz und Wirtschaft, the luxury group of the world's richest man, Bernard Arnault, may be interested in the Richemont holding company. Among the brands that have aroused this interest - the news was reported following a conversation that took place behind closed doors - Cartier certainly stands out, a company that could certainly increase LVMH's power by joining jewelry brands such as Tiffany & Co. and Bvlgari. 

Today, Richemont ranks fourth in the list of the world's largest luxury groups, having, in addition to Cartier, a number of impressive names such as Chloé, Montblanc, Van Cleef & Arpels, Panerai, Jaeger-LeCoultre, as well as others under the YOOX Net-a-Porter group. To this day, Richemont is still under the management of its founder, Johann Rupert, who has refused to relinquish his controlling stake in the company since 1988, boasting Richemont's collegiality - albeit conservative - as the main strength for the group's rise. LVMH, the owner of 75 brands, recently broke a personal revenue record of €400 billion, while Richemont reported a dangerous drop in sales, especially in China, in its third-quarter report.