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Sources told Axios about the possibility, reporting that the LVMH has become more interested in acquiring the American brand after buying its jewelry brand Tiffany.
If this deal were to go through, it would represent one of the largest apparel acquisition deals of all time and cement LVMH’s position in the U.S..
Sources also claim that brand founder Ralph Lauren, who has been at the helm of the company since he launched it in 1967 and is currently Chief Creative Officer and Executive Chairman, is considering options for his succession plan.
|Source: Online/SZK