LVMH and Hermès mend relations. After nearly four years of courtroom battles, two of the world’s biggest luxury houses signed a peace accord. The President of the Commercial Court of Paris proposed to LVMH and Hermès a conciliation in order to bring to an end the disputes between the two luxury groups and restore a … Read more
Luxury goods group LVMH, the biggest such luxury entity on the market, announced it has decided to terminate the AMF proceedings (France’s markets watchdog) in relation to its acquisition of approximately 10% of rival Hermès’ share capital in October 2010. This decision reflects LVMH’s commitment to ensuring the soundest possible management of its investment in … Read more
LVMH stake in Hermes to be examined by French watchdog AMF in early 2013 LVMH luxury conglomerate‘s stake-building in rival Hermes will be examined in early 2013, according to French markets watchdog AMF’s sanctions committee. The luxury scarves war dates from October 2010 when LVMH revealed that it build a stake of 14 percent … Read more