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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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French Regulator Approves Hermes Anti-Takeover Plan

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Paris—Hermès’ majority shareholders—descendants of the luxurygoods brand’s founding family—won an important round in their battle to keep LVMH Moet Hennessy Louis Vuitton from taking control of the company. On Thursday, Autorite des Marches Financiers (AMF), the French stock market regulator, ruled in favor of the family shareholders who shareholders decided …

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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 …