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French Stock Market Regulator to Rule on LVMH Insider Trading Charges in Hermès Case

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Paris—Although the Autorité des Marchés Financiers (AMF), the French stock market regulator, probably won’t make a decision on whether LVMH violated insider trading or share price manipulation when it took its initial stake in Hermès in 2010, the AMF’s chairman this week indicated he didn’t think LVMH engaged in insider …

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Arnault: LVMH a “Pacifist” Shareholder in Hermes

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Paris—Bernard Arnault, chairman of LVMH, struck a conciliatory tone late last week about his company’s stake in Hermès, which has been viewed as hostile by the majority shareholders, mostly family members of Hermès’ founders. Speaking to French publication Challenges, Arnault reiterated previous statements from LVMH that its stake in Hermès …

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LVMH Increases Stake in Hermes Again

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Paris—In a brief statement released today, LVMH Moët Hennessy Louis Vuitton (LVMH) announced that it has increased its stake in luxurygoods rival Hermès International. As of today, LVMH holds 21,338,675 shares, about 20.21% of the 173-year-old French brand. “Friendly” Intentions? LVMH, led by billionaire Bernard Arnault chairman, unleashed the wrath …

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LVMH Report Signals Luxury Rebound?

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Paris–This week’s strong first quarter showing by LVMH Moët Hennessy Louis Vuitton is fueling speculation that the “austerity chic” has ended for affluent consumers. When LVMH, the world’s leading luxurygoods conglomerate reported that its first-quarter revenue exceeded expectations, hitting 13% over the same period last year, many analysts project that …