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Bernard Arnault Buys Heritage Luggagemaker Moynat; LVMH Reportedly Considering Bid for Jimmy Choo

Bernard Arnault's Buying Streak — Bulgari, Heritage Brand Moynat Acquired; Jimmy Choo May Be Next

>> Bernard Arnault has been on a buying streak — a week ago, LVMH acquired Bulgari, which returned to profitability in 2010. Through his investment firm Groupe Arnault, Arnault recently purchased Moynat, the 19th-century trunk-maker five years older than Louis Vuitton, with intentions to reinvigorate the brand (which is best known for its lightweight, waterproof automobile trunks). And now, he may be circling Jimmy Choo, as well.

LVMH is reportedly considering a bid on the shoe brand, which kicked off its sale at the beginning of this month to the interest of more than 10 potential bidders — and is expected to go for between £400 million and £500 million (approx. $644 million and $805 million).

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