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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 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 …