PPRUY - Patek Philippe Might Come Up For Sale - LVMH Moet Hennessy Louis Vuitton SE Would Be The Perfect Buyer
Recently, it has been reported by several news outlets, that Swiss watchmaker Patek Philippe might come up for sale. The source seems to be a note by an analyst with Berenberg private bank. It should be mentioned that Patek Philippe declined to comment on the speculation. In case that the rumors should be true, I see one company to clearly be the perfect buyer: French luxury giant LVMH Moet Hennessy Louis Vuitton SE (LVMHF; LVMUY). I will hereafter refer to the company as "LVMH".
Please note that, wherever necessary, I am using