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32
Fashion Jobs
L'OREAL GROUP
Giorgio Armani Beauty Business Manager - Brown Thomas Limerick
Permanent · Limerick
MAJE IRLANDE
Assistant Store Manager - bt Dublin H/F
Permanent · DUBLIN 2
BA&SH
Sales Assistant f/m - Full -Time - Brown Thomas Dublin
Permanent · DUBLIN
MAJE
Store Manager - Maternity Cover - Kildare Outlet
Fixed-term · KILDARE
SANDRO IRLANDE
Sales Assistant - 7.5 Hours - Kildare Mixte m/f
Permanent · NURNEY ROAD
MAC
Mac - Retail Artist - bt2, Dundrum - 24 Hours - Part-Time - Permanent
Permanent · Dublin
MAC
Mac Cosmetics - Key Holder - Limerick, Brown Thomas - 37.5 Hours - Full Time, Temporary
Fixed-term · Limerick
MAC
Mac Cosmetics - Key Holder - Blanchardstown, bt2 - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
MAC
Mac Cosmetics - Retail Artist - bt2, Blanchardstown - 24 Hours - Part Time, Permanent
Permanent · Dublin
RITUALS
Rituals Advisor
Permanent · Cork
RITUALS
Assistant Store Manager
Permanent · Dublin
LEVI'S
vm/Sales Stylist 20+ Hours pw
Permanent · Kildare
LA MER
la Mer - Counter Manager - Brown Thomas, Galway - 37.5 Hours - Full-Time - Permanent
Permanent · Galway
RITUALS
Rituals Advisor
Permanent · Dublin 1
L'OREAL GROUP
IT Cosmetics Beauty Advisor bt2 Dundrum (Fixed Term 6 Months)
Fixed-term · Dublin 16
L'OREAL GROUP
l'Oréal Designer Fragrances - Mobile Fragrance Expert Dublin
Permanent · Dublin
L'OREAL GROUP
Lancôme Make-up Artist - Brown Thomas Dublin
Permanent · Dublin
L'OREAL GROUP
Kiehl's Customer Representative (Kcr) Arnotts, Dublin
Permanent · Dublin
HUGO BOSS
Supervisor - Dublin Grafton Street
Permanent · Dublin
RITUALS
Counter Manager
Permanent · Cork
SANDRO IRLANDE
Sales Assistant - 15 Hours - Kildare Mixte m/f
Permanent · NEW YORK
RITUALS
Rituals Advisor
Permanent · Limerick
By
Reuters
Published
Mar 22, 2021
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Richemont shares rise on report it rejected Kering's merger approach

By
Reuters
Published
Mar 22, 2021

Shares in Cartier owner Richemont rose on Monday after an online fashion publication reported it had been approached by French luxury goods group Kering for a potential merger in January but had rejected the informal offer.


Reuters


Paris-based Miss Tweed, which specialises in fashion and luxury, wrote late on Sunday that a cash-and-shares proposal to merge had been made directly by Kering CEO François-Henri Pinault to Richemont chairman and controlling shareholder, Johann Rupert.

The report said that Rupert, who said in November he had no plans to sell, was unsatisfied with the terms and did not submit them to Richemont’s board.

Speculation over a possible tie-up between Richemont and Gucci owner Kering have been circulating for years but have gathered steam in recent months after LVMH’s takeover of U.S. jeweller Tiffany put pressure on rivals to scale up.

Representatives for Kering and Richemont declined to comment on the report.

Kering, which also owns Bottega Veneta and Yves Saint Laurent, is strong in fashion and leather goods, while Richemont, whose brands include Van Cleef & Arpels and Jaeger-LeCoultre, is best known for watches and jewellery.

But while combining the two would make sense strategically, the family ownership structure at both companies is a big hurdle to what would be the biggest deal ever in the luxury sector.

Kering has a market capitalisation of 74 billion euros ($88 billion) versus Richemont’s 47 billion Swiss francs ($50.8 billion).

Rupert’s family investment vehicle owns 10% of Richemont’s equity, but it has 51% of voting rights due to a complex dual share scheme. Kering is 41%-owned by Artemis, the holding company controlled by the Pinault family.

Richemont’s shares were 3.8% higher in late morning trading in an otherwise flat Swiss stock market, while Kering’s shares fell 1.4%.

UBS said in a note on Monday a deal between Kering and Richemont would create a luxury powerhouse capable of challenging LVMH’s dominance in the market.

“Combining the two mega brands of the soft and hard luxury industry, Gucci and Cartier, could address the perceived higher fashion risk of Kering and the perception of mismanagement of Richemont’s smaller brands in its portfolio,” it said.

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