Louis Vuitton has no interest on buying Aston-Martin
We reported eariler that Luis Vuitton was about to buy Aston Martin, but according to Autocar, this rumor is "absolute rubbish". "There is no truth in this story whatsoever."
LVMH, a huge global outfit with annual sales of $14 billion, owns Moet & Chandon champagne, Glenmorangie scotch, TAG Heuer watches and the Louis Vitton fashion label. Further denying any interest, the spokesman said LVMH would not be the name revealed as Aston’s new owner in about one month’s time, when Ford and its advisors, London merchant bank UBS, will finish assessing the four concrete bids known to have been received for Aston.
LVMH had shown interest last autumn along with about 25 other companies when Ford first put Aston Martin up for sale, but didn’t follow-up with a formal bid. "We didn’t even get to first base," says the spokesman.