LVMH to acquire L’Epée.

LVMH, a French multinational holding company and conglomerate specializing in luxury goods, agreed to acquire L’Epée, a manufacturer and distributor of creative art, contemporary, carriage clocks, and accessories. Financial terms were not disclosed. “L’Epée 1839 is a brand of mechanical objets d’art with an unrivalled and unique expertise. Its creations span the ages; from officer’s carriage clocks, to space rockets, to the automotive inspirations of the 1950s, its products appeal to a public of enthusiasts for fine mechanics. L’Epée is also a renowned manufacturer, with the capacity to develop and design objects, and in particular the unique ability to interpret horological intricacies in three dimensions. Most of the company’s components are produced in-house demonstrating its strong creative prowess. L’Epée has initiated a number of watchmaking partnerships that we will maintain and develop with Arnaud Nicolas, and I am excited by the untapped creative potential of the various LVMH Group Maisons associated with this exceptional expertise,” Frédéric Arnault, LVMH Watches Division Chairman and CEO.