LVMH (PARIS:MC.PA -3.89 percent) is reportedly in discussions to buy Ralph Lauren (NYSE:RL -0.41 percent), according to sources.
Ralph Lauren, an American publicly listed fashion firm, was created in 1967 by American fashion designer Ralph Lauren and has since become one of the most important brands in the industry.
The French holding multinational firm and conglomerate has entered "exploratory negotiations" with Ralph Lauren Corporation, according to reports. The discussions are claimed to have lasted two years, and a merger between the two would be a watershed event in the fashion industry. Ralph Lauren Corporation's CCO and chairperson, Ralph Lauren, is now deciding on a succession strategy, according to sources.
The acquisition of Ralph Lauren by LVMH comes after the French holding multinational corporation and conglomerate specializing in luxury goods completed its acquisition of Tiffany & Co.
As the tale progresses, stay tuned for additional details.
