OPEN-SHUT CASE: Bernard Arnault’s appetite for acquisitions includes small, under-the-radar brands, too. Via his Groupe Arnault investment vehicle, the luxury titan has quietly purchased Moynat, a storied 19th-century trunk maker five years older than Louis Vuitton, WWD has learned. According to market sources, Arnault has plans to reactivate the brand and plant a Paris boutique on trendy Rue Saint Honoré later this year. The entrepreneur has a strong affection for heritage European names and Moynat certainly fits the bill. It was founded in 1849 and was best known for its lightweight, waterproof trunks for automobiles. Arnault made headlines earlier this week when LVMH Moët Hennessy Louis Vuitton absorbed Rome-based jeweler Bulgari in a transaction with a total value of more than $6 billion.
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