LVMH To Buy Luxury Brands Ebel And Chaumet

LVMH, the world's leading luxury-goods group, announced this week it plans to acquire luxury-watch brands Ebel and Chaumet from Investcorp, a global investment group. Ebel, based in La Chaux-de-Fonds, Switzerland, is one of Switzerland's leading international luxury-watch brands. Its most successful lines include, amongst others, Sport Classic, 1911, and Beluga. Ebel recently launched the E-Type line to great reviews. Chaumet, based in Place Vendome, Paris, operates flagship stores in Paris, London, and Monte-Carlo, and also is available through leading specialty and department stores. LVMH plans to continue developing the businesses, both of which will benefit from the scale of LVMH's operations and its expertise in the global marketing of luxury products, the company said. The transactions will become effective once regulatory approvals have been received. LVMH produces and sells wines and spirits, fashion and leather goods, fragrances and cosmetics, and other luxury products, under brands that include Dom Perignon, Moet, Chandon, Veuve Clicquot Ponsardin, Krug, Pommery, Hennessy, Hine, Louis Vuitton, Loewe, Givenchy, Kenzo, Celine, Parfums Christian Dior, Guerlain, Sephora, Thomas Pink, Tag Heuer, Fendi, and DFS.