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Bernard Arnault, LVMH chief, buys shares in Richemont
LVMH chairman and CEO Bernard Arnault has reportedly bought shares in Cartier parent Richemont, the rival luxury group based in Switzerland. Widely seen as a personal investment, Mr Arnault is thought to own a small shareholding and would not directly influence LVMH's corporate strategy or lead to immediate synergies between LVMH and Richemont....
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