1999
1999
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Vodafone acquires Mannesmann, kicking off a bidding war for
LMH, which includes
A. Lange & Söhne,
IWC, and
Jaeger-LeCoultre.
Richemont beats
PPR and
LVMH, purchasing the company, including
Audemars Piguet's shares, for a record CHF 2.8 billion on July 21. This brings the companies together with
Cartier,
Montblanc,
Panerai, and
Piaget, and reunites Jaeger-LeCoultre with
Vacheron Constantin.
The French luxury goods manufacturer
Louis Vuitton Moët Hennessy (
LVMH) takes over
Chaumet but is rebuffed when bidding for
LMH. They quickly turn to
TAG Heuer, and add
Ebel and
Zenith before the end of the year.
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On 14 November a
rattrapante wristwatch, brought onto the market by
Patek Philippe in
1922, is auctioned at the auction house Antiquorium for US$ 1,918,387. This has been so far the highest price ever reached for a
wristwatch in an auction.
← 1998 | 2000 →
1999.txt · Last modified: 11.10.2021 17:02 (external edit)