The cheaper copy Vanjewelry Don't skip from zroessgs viesoess's blog
Goods Firms Are Seeking Corporate Shelter
The 88 year old jewelry company on Paris's prestigious Place Vend had no comment Friday on a report in the French financial newspaper, Les Echos, that it was on the block. But a source at LVMH Mo Hennessy Louis Vuitton SA said the big French luxury goods group had "seen the Van Cleef Arpels dossier recently" and considers the company "a nice business."
"It would fit into our strategy," the source said, while adding that it had not yet made an offer.
Bernard Arnault, chairman of LVMH, said in March that he wanted to expand the group in the luxury sector,van cleef alhambra knock off necklace, and jewelry is one area in which it is not present. He freed up $2 billion for acquisitions this year by untangling a cross shareholding agreement with Guinness PLC.
"It would make a degree of sense, because LVMH is flush with cash and this is an area in which they are weak," said Andrew Shepherd Barron, analyst at Kleinwort Benson Securities in London.
The newspaper said the jeweler had annual sales of 600 million francs ($107 million) and was valued at between 1.5 billion and 2 billion francs.
LVMH, which had sales last year of 23.8 billion francs, owns a large stable of prestige brands, including Hennessy cognac, Mo Chandon and Veuve Clicquot champagne, Louis Vuitton leather goods and Christian Dior, Givenchy,van cleef arpels knock off alhambra necklace, Christian Lacroix and Kenzo perfumes and beauty products.
Last month, LVMH's Dior unit agreed to pay 1.96 billion francs to take control of Guerlain perfumes.
Also interested in Van Cleef Arpels, according to Les Echos,van cleef replica necklaces, is Chanel SA. But a spokeswoman there, Marie Louise de Clermont Tonnerre, called the report "inexact, not true."
Chanel, owned since 1924 by the Wertheimer family, operates a network of 70 boutiques around the world.
Analysts said the remaining family owned prestige products companies were facing increasing pressure as their bigger competitors set up worldwide marketing and distribution networks.
"Globalization is what it's all about," Mr. Shepherd Barron said. "Allying with a major distribution network is crucial, because small companies like Van Cleef Arpels can't afford to do it alone."
Sales of family owned companies are also often prompted by French succession law, in which a founder's stock is evenly divided among his survivors at his death. As original stock gets splintered in successive generations, some family members seek to cash in their shares, forcing the company to be put on the block.
In recent months two other family owned companies in the sector found new owners. Christofle, the tableware company owned by the Bouilhet family, was sold to the Borletti family of Italy, while Lalique, the jeweler and glass maker, was sold to Pochet SA, a French maker of bottles for the luxury sector.
Under LVMH, Mr. Shepherd Barron said, Van Cleef Arpels could be expanded as an independent operation or perhaps integrated into Vuitton and set up as "a shop within a shop."
Van Cleef Arpels has 15 boutiques in Europe and the United States, plus more than 20 other sales points in Asia that it operates with local partners.
The company was founded in 1906 by three Arpels brothers and a brother in law, Alfred Van Cleef. The company today is presided by Jacques Arpels,van cleef and arpels knock off butterfly necklace, with day to day management in the hands of Ferdinand Ripoll.
In addition to its jewelry, the company has lent its name under license to the Swiss watchmaker, Start, and to a line of perfumes First, Gem, Tsar licensed to Elf Sanofi SA. That pharmaceuticals and beauty products company said it is not negotiating the sale of these licenses.
The 88 year old jewelry company on Paris's prestigious Place Vend had no comment Friday on a report in the French financial newspaper, Les Echos, that it was on the block. But a source at LVMH Mo Hennessy Louis Vuitton SA said the big French luxury goods group had "seen the Van Cleef Arpels dossier recently" and considers the company "a nice business."
"It would fit into our strategy," the source said, while adding that it had not yet made an offer.
Bernard Arnault, chairman of LVMH, said in March that he wanted to expand the group in the luxury sector,van cleef alhambra knock off necklace, and jewelry is one area in which it is not present. He freed up $2 billion for acquisitions this year by untangling a cross shareholding agreement with Guinness PLC.
"It would make a degree of sense, because LVMH is flush with cash and this is an area in which they are weak," said Andrew Shepherd Barron, analyst at Kleinwort Benson Securities in London.
The newspaper said the jeweler had annual sales of 600 million francs ($107 million) and was valued at between 1.5 billion and 2 billion francs.
LVMH, which had sales last year of 23.8 billion francs, owns a large stable of prestige brands, including Hennessy cognac, Mo Chandon and Veuve Clicquot champagne, Louis Vuitton leather goods and Christian Dior, Givenchy,van cleef arpels knock off alhambra necklace, Christian Lacroix and Kenzo perfumes and beauty products.
Last month, LVMH's Dior unit agreed to pay 1.96 billion francs to take control of Guerlain perfumes.
Also interested in Van Cleef Arpels, according to Les Echos,van cleef replica necklaces, is Chanel SA. But a spokeswoman there, Marie Louise de Clermont Tonnerre, called the report "inexact, not true."
Chanel, owned since 1924 by the Wertheimer family, operates a network of 70 boutiques around the world.
Analysts said the remaining family owned prestige products companies were facing increasing pressure as their bigger competitors set up worldwide marketing and distribution networks.
"Globalization is what it's all about," Mr. Shepherd Barron said. "Allying with a major distribution network is crucial, because small companies like Van Cleef Arpels can't afford to do it alone."
Sales of family owned companies are also often prompted by French succession law, in which a founder's stock is evenly divided among his survivors at his death. As original stock gets splintered in successive generations, some family members seek to cash in their shares, forcing the company to be put on the block.
In recent months two other family owned companies in the sector found new owners. Christofle, the tableware company owned by the Bouilhet family, was sold to the Borletti family of Italy, while Lalique, the jeweler and glass maker, was sold to Pochet SA, a French maker of bottles for the luxury sector.
Under LVMH, Mr. Shepherd Barron said, Van Cleef Arpels could be expanded as an independent operation or perhaps integrated into Vuitton and set up as "a shop within a shop."
Van Cleef Arpels has 15 boutiques in Europe and the United States, plus more than 20 other sales points in Asia that it operates with local partners.
The company was founded in 1906 by three Arpels brothers and a brother in law, Alfred Van Cleef. The company today is presided by Jacques Arpels,van cleef and arpels knock off butterfly necklace, with day to day management in the hands of Ferdinand Ripoll.
In addition to its jewelry, the company has lent its name under license to the Swiss watchmaker, Start, and to a line of perfumes First, Gem, Tsar licensed to Elf Sanofi SA. That pharmaceuticals and beauty products company said it is not negotiating the sale of these licenses.
- The cheapest replica Vannecklace jewelry Don't ignore
- The most cheap imitation Van Cleef and Arpelsbracelets Don't ignore
- The most cheap imitation Van Cleef and Arpelsrings jewelry Don't lose
- The lowest priced replica Van Cleef and Arpelsbracelet You s
- The cheapest fake Vanjewellery Really don't skip
The Wall