For a while, luxury industry has been occupied by three big conglomerate ; LVMH, Kering and Richemont. The most well-known brands which Richemont has, both Cartier and Van Cleef & Arpels.

According to following site, LVMH is interested in Richemont for take over.
LVMH is Reportedly Considering Taking Over Richemont | Hypebeast

This is not official announcement from both sides and also not by reliable source like Bloomberg or Financial Times.
However, looking at LVMH 2022 Annual report, I consider that it might be true. LMVH strategy is always consistent and portfolio is the key word. 2022 result, 13% of total revenue comes from Watches and Jewelry. On the other hand, Fashion and Leather Goods is 49%, so still Fashion and Leather is occupied highest even after Tiffany acquisition.

FINANCIAL DOCUMENTS 2022 (lvmh-static.com)

Considering LVMH portfolio strategy, it is reasonable to enhance Watches and Jewelry business group through acquisition. Actually, recent big acquisition was both Watches and Jewelry business group, which was Bulgari and Tiffany. I will keep an eye on how LVMH and Richemont relationship become.