Kering LVMH Rivalry Set to Intensify with Moncler Tiffany Acquisitions
Both LVMH and Kering recorded satisfactory 2019 revenue results despite a relatively tough environment this year. Going forward, however, the luxury giants are set to deepen their rivalry with strategic acquisitions that will have far-reaching implications — particularly in the Greater China market. Having confirmed its purchase of the iconic American jeweler Tiffany & Co. last month for US$16.2 billion, LVMH has its eyes firmly set on deepening its accessible jewelry portfolio and capturing a…