Daily Archives: October 17, 2013

Speculation that Richemont is looking to offload its poor performing ‘soft luxury’ portfolio assets continues to grow apace, with rumours surfacing online yesterday that the conglomerate was in early stage talks to sell Chloé, its Parisian haute fashion house.

According to people familiar with the matter, Richemont has been informally looking for buyers for some time, with one source saying: “it is not a question of if, but a question of when.”

Reuters also reported that the Swiss luxury conglomerate had received a non-binding offer from PE fund Change Capital for the leather goods maker Lancel. But are the wheels finally turning on a series of acquisitions, or is this just another round of industry Chinese whispers?

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