A union between Richemont and Kering is not yet on the agenda. The Geneva luxury group would have rejected an informal offer made in January by its French counterpart, according to Miss Tweed, a French online media specializing in luxury. No amount is articulated.
“The proposed merger in action, part of which in cash, was submitted directly by François-Henri Pinault, the boss of Kering, to Johann Rupert, president and majority shareholder of Richemont, say several sources. However, dissatisfied with the conditions of his proposal, Johann Rupert did not follow up and did not submit it to the board of directors of Richemont ”, indicated Sunday Miss Tweed.