LVMH’s gold-clad grip on almost everything luxury could become even firmer soon, as reports point to the multinational conglomerate eyeing a blockbuster acquisition of Ralph Lauren.
According to Axios, the parent company of Louis Vuitton, Christian Dior, Tiffany & Co., and more has held “exploratory conversations” over the past several years to discuss a buyout of the American brand. Sources say the namesake founder, chairman, and chief creative officer could see the acquisition as his “crowning achievement” and the solution for his succession plan for a future that doesn’t involve Ralph Lauren himself.
