News - LVMH goes Spring shopping

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, is opening its large wallet and shopping around for brands to add up to its stable. First it increased its stake in Hermes, then earlier this month, it acquired Italian jewelry house Bulgari, and now the company is reportedly interested in Jimmy Choo, according to the Sunday Times. Meanwhile, L Capital Asia, the private equity arm of LVMH, is also said to have bought a 20 percent stake in Singaporean shoe brand Charles & Keith for more than $30 million.