Tag: Bernard Arnault
The French luxury goods maker that owns Louis Vuitton has issued a stinging rebuttal to internet rumours that the company is going to buy the Aston Martin sports car brand. A spokesperson for LVMH told Autocar that the rumour is “absolute rubbish". "There is no truth in this story whatsoever,” he went on.
LVMH had shown interest last autumn along with about 25 other companies when Ford first put Aston Martin up for sale, but didn’t follow-up with a formal bid. “We didn’t even get to first base,” says the spokesman.
According...
» Read the rest of the post
Up to 30 buyers are reported to be interested in buying Aston Martin and the fierce competition could push the price of the luxury car marque as high as £1bn, say industry observers.
Aston Martin was put on the market earlier this year by Ford, as part of a wide-ranging restructuring programme at the US car maker, and has attracted interest from a wide range of potential buyers, from private equity firms to wealthy individuals.
These include two of France's richest men, billionaires Bernard Arnault - who controls the luxury goods...
» Read the rest of the post
It took only a hint of their interest in acquiring British sports car maker Aston Martin for Bernard Arnault and Albert Frère, two of Europe’s smartest investors, to win widespread publicity for their new E1bn (£670m, $1.25bn) venture fund. Within hours of the pair putting themselves the frame, investment banks were on the phone proposing all sorts of spin-off possibilities that might appeal to investment veterans who share a taste for fine wine, fast cars and quick profits.
The idea that a 57-year-old Frenchman Arnault, albeit head of...
» Read the rest of the post
» View all photos
Two of Europe's richest men are considering a bid for Aston Martin.
According to the Financial Times, Bernard Arnault, who controls LVMH (Louis Vuitton, Moet Hennessy) and Albert Frere, probably Belgium's most successful businessman, are said to be thinking about a 1 billion bid - little more than small change as far as they are concerned. Rather than the cost, the big question for them is likely to be how they can make any money out of Aston Martin, once is it unplugged from the Ford support system. Aston Martin saves a fortune by being...
» Read the rest of the post
« Previous
1
Next »
2 Votes
