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Richemont, the Swiss tobacco and luxury goods group, has bought 60% of Paris based watches and jewellery maker Van Cleef Arpels in a Swfr460 million (192 million) deal which sees another 20% going to Italian clothing and property group Fingen.
Richemont's VendTMme subsidiary owns copy love bracelet cartier rose gold Cartier, Piaget and Alfred Dunhill as well as fake love bracelet cartier rose gold 66.7% of cigarettes maker Rothmans International, now merging with BAT. Van Cleef has eight stores in the US and Europe plus 34 boutiques mainly in Asia. Arpels family interests will retain 20% of the 93 year old firm, which was once an LVMH target.
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Richemont, the Swiss tobacco and luxury goods group, has bought 60% of Paris based watches and jewellery maker Van Cleef Arpels in a Swfr460 million (192 million) deal which sees another 20% going to Italian clothing and property group Fingen.
Richemont's VendTMme subsidiary owns copy love bracelet cartier rose gold Cartier, Piaget and Alfred Dunhill as well as fake love bracelet cartier rose gold 66.7% of cigarettes maker Rothmans International, now merging with BAT. Van Cleef has eight stores in the US and Europe plus 34 boutiques mainly in Asia. Arpels family interests will retain 20% of the 93 year old firm, which was once an LVMH target.
Most watched Money videos Brexit a waste of time and energy, European Parliament co ordinator claims Jamie copy rose gold love bracelet cartier Oliver has Land Rover custom make kitchen on wheels Mercedes show off their latest design the 6 Cabriolet New generation Range Rover Sport P400e will be on sale on 2018 Big Money Questions:Jim Rickards predicts a financial crisis HSBC UK takes first step into Open Banking with HSBC Beta Ray Massey test drives the new 350K Rolls Royce Phantom Check out cartier love bracelet discount the first Aston Martin to receive Mercedes AMG engine High tech Crossing prototype is unveiled in London Investing Show: Should you invest in a VCT? Hyundai shows off modern hatch back i30 in slick new trailer Land Rover Discovery tows 110 tonne Road Train in Australia
UK economy suffers 490bn write down: ONS revision stokes. MARKETS CLOSE: Footsie slips while oil price nudges $58;. Young workers are relying on credit cards and loans for. Lidl reveals plans to build Peterborough warehouse which. One day left to boost your Tesco Christmas savings just. Supply and regulation issues send shares in FTSE 100. Car loan slumps could leave Lloyds 11billion exposed. Now Apple and Amazon are trying to steal payments. ALEX BRUMMER: HBOS deal faces legal test as suspicions of. Daughter of JD Sports founder set to become youngest. MARKET REPORT: Medical tech pioneer ConvaTec rocked. Netflix boldly goes to record high as it adds 5.3m. CITY DIARY: Gordon Brown attacks former Bank of England. Million dollar celeb mobile phone firm Vertu plots a. EasyJet bids for assets of rival firm Alitalia who were. Sports chain Footasylum to raise 150million in stock. Top Nex Group exec quits after trading firm warned. Accountancy firm Ernst and Young fined 1.8m for botched. MOST READ MONEY Previous.
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