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Report: Private Equity Firm Makes Bid on Lancel

In What's New, Industry News by Jeff Prine

Paris—Even though owner Richemont, the Swiss luxurygoods conglomerate, won’t confirm intended sales, sources said Wednesday that private equity firm Change Capital made a non-binding offer for Lancel, its French leathergoods brand. According to a report by Reuters, Lancel is one of the brands—supposedly along with Chloe—that Richemont intends to sell …

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Richemont: Net-a-Porter is Not for Sale

In What's New, Industry News by Jeff Prine

Bellevue, Switzerland—Cie. Financiere Richemont SA, the luxurygoods conglomerate that owns Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc among others, today denied its Net-a-Porter luxury website was for sale. “Richemont has a long-standing policy of not commenting on market rumors. Exceptionally in this case, Richemont …

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Report: Richemont to Sell Lancel?

In What's New, Industry News by Jeff Prine

Paris—Although Cie Financiere Richemont, the luxurygoods company, declined to confirm rumors, reports circulated today that its venerable French handbag company Lancel is being put up for sale. Richemont, which also owns Cartier, Piaget, Van Cleef & Arpels, and Montblanc, reported hired Nomura Holdings Inc., the investment bank, to look into …