Archive for November, 2010

Handbags at Dawn: LVMH vs. Hermès

Bernard Arnault, the aggressive, expansive luxury conglomerate LVMH head of powerful, sent a shockwave through the world of fashion and luxury end of last month, when he suddenly announced that his company had quietly recorded 14th 2% for Hermes, the last large independent family-owned brand in France.

Immediately after the revelation of LVMH, the conglomerate of luxury brands exercised their options to further increase its 2.9%
Share to 17.1%, while protesting that this is a friendly gesture of his hand was. “This is a very friendly,” Arnault – whose company is now the largest single shareholder Hermes

LVMH announced hat die, she know that one share a friendly, patriotic future interests of the House as an institution of French fashion Bought Hermes, Hermes die during outrage, dass die really easy to shift the camp sprayed die ware for sale immediately.The family and it is clearly stated unanimously, dass man in need of friendly WHEN know that Mr. Arnault, she resign “Hermes Says top execs and Bertrand Puech Patrick Thomas.

The AMF, which specifically requested tighter controls over such skullduggery during last year’s regulatory overhaul of the French stock exchange — to no avail — is now investigating LVMH’s moves for legality. “France remains the Wild West in terms of corporate takeovers,”  AMF chairman Jean-Pierre Jouyet said in a radio interview, as media outlets like Women’s Wear Daily reported that LVMH had used a variety of dodgy methods to corral the stock, including purchases made through obscure subsidiaries. But even if the AMF does find evidence of bad behaviour on LVMH’s part there is little they can actually do, say market observers.

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