LVMH Acquires Minority Stake in Swiss Watchmaker La Joux-Perret

Core Viewpoint - LVMH's watch division has acquired a minority stake in La Joux-Perret, while the Swiss watch manufacturer will maintain its full independence [1] Company Summary - LVMH's watch division is expanding its portfolio through the acquisition of a minority stake in La Joux-Perret [1] - La Joux-Perret is a Swiss watch manufacturer known for its craftsmanship and will continue to operate independently despite the investment from LVMH [1] Industry Summary - The acquisition reflects ongoing trends in the luxury watch industry, where established brands seek strategic partnerships to enhance their offerings while allowing manufacturers to retain operational independence [1]