LVMH Acquires Renowned Clockmaker L’Epée 1839, Strengthening Market Position
LVMH's recent acquisition of L’Epée 1839, a historic Swiss clockmaker, marks a strategic move to strengthen its position in the luxury horology market.
Komplication Team
7/1/20241 min read
The deal, announced earlier this year, aligns with Frédéric Arnault’s vision as the new CEO of LVMH Watches. This acquisition not only enhances LVMH’s portfolio but also helps it compete against Swiss giants like Swatch Group and Richemont. L’Epée’s expertise in crafting high-end clocks and objets d’art complements LVMH’s existing luxury brands, signaling a broader strategy to dominate the high-end watch and art sectors.
Key Points:
LVMH acquires L’Epée 1839 to bolster its luxury watchmaking division.
Frédéric Arnault leads this strategic expansion as LVMH Watches' CEO.
The acquisition enhances LVMH’s competitiveness against Swatch Group and Richemont.
L’Epée 1839 is renowned for its intricate high-end clocks and objets d’art.
This move aligns with LVMH’s broader strategy to dominate luxury horology and art.
Fun Facts:
L’Epée 1839 has been crafting high-end clocks for over 180 years.
Frédéric Arnault, the new CEO of LVMH Watches, is the son of LVMH’s chairman Bernard Arnault.
The Swatch Group, a key competitor, owns iconic brands like Omega and Blancpain.
LVMH also owns prestigious jewelry brands such as Bvlgari and Tiffany & Co.
Watches and Wonders Geneva is one of the largest watchmaking events, where LVMH is now a board member.
Originally Reported By: Luxuo
Photo: L’Epée