Luxury
LVMH acquires Singapore’s crocodile leather family business
LVMH’s Arnault family has taken majority control of Heng Long, the crocodile leather supplier owned by the Koh family, in what is the luxury goods company’s second purchase this year of a top-end family business. Paris-based LVMH, chaired by Bernard Arnault, said in a statement that it will own 51%…
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