LVMH Buys Hublot | Clipmarks


	LVMH Buys Hublot

Lauren Sherman

4-24-2008 7:58 AM

416 views

Lauren Sherman says:

They already own threen luxe watch companies and now LVMH has acquired Swiss watchmaker Hublot.

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<P class=MsoNormal style="MARGIN: 0in 9.15pt 0pt 0in">Luxury giant LVMH Moët 
Hennessy Louis Vuitton said early Thursday that it reached an agreement to 
acquire 
<st1:country-region><st1:place>Switzerland</st1:place></st1:country-region>’s 
Hublot watch group from founder Carlo Crocco and a firm controlled by 
Jean-Claude Biver, who’s managed the brand since 2004.</p> <P class=MsoNormal style="MARGIN: 0in 9.15pt 0pt 0in"><o:p>&nbsp;</o:p></p> <P class=MsoNormal style="MARGIN: 0in 9.15pt 0pt 0in">Terms of the deal weren’t 
disclosed, but the company noted that the Hublot brand was “highly 
complementary” to its existing watch portfolio, which includes Tag Heuer, 
Zenith, Dior Montres and Louis Vuitton.</p> <P class=MsoNormal style="MARGIN: 0in 9.15pt 0pt 0in"><o:p>&nbsp;</o:p></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0D2B0F92-FC6E-413A-8790-42E5C7116F85/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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