Rome—While much of the news recently about Bulgari has centered on how crucial its jewelry and watch business will be to its new … [Read more...]
LVMH
LVMH to Acquire Bulgari in $5.2 Billion Deal
Paris—LVMH announced today that it took a 50.4% stake in Bulgari for 1.86 million euros (about $2.6 billion) giving the French … [Read more...]
March 7, 2011 -
Hermes Reports Surge in Annual Profits
Paris--Hermes International reported today a surge in its full year earnings with profits rising 44% to 668.2 million euros (about … [Read more...]
March 4, 2011 -
Arnault: LVMH a “Pacifist” Shareholder in Hermes
Paris—Bernard Arnault, chairman of LVMH, struck a conciliatory tone late last week about his company’s stake in Hermès, which … [Read more...]
February 7, 2011 -
Small Shareholders Appeal French Regulator’s Waiver in Hermes Plan
Paris—In the latest twist in the legal saga of Hermès’ attempts to thwart a takeover by LVMH, a French small shareholder … [Read more...]
January 12, 2011 -
French Regulator Approves Hermes Anti-Takeover Plan
Paris—Hermès’ majority shareholders—descendants of the luxurygoods brand’s founding family—won an important round in … [Read more...]
January 7, 2011 -
French Regulator to Rule on Hermes Family Plan
Paris—The French stock marker regulator said today that it plans to announce its decision on a plan by Hermes’ majority … [Read more...]
December 29, 2010 -
TAG Heuer Announces Art of Watchmaking Winners
New York--TAG Heuer recently teamed up with students at Parsons The New School for Design for its “Art of Watchmaking” and has … [Read more...]
December 23, 2010 -
LVMH Increases Stake in Hermes Again
Paris—In a brief statement released today, LVMH Moët Hennessy Louis Vuitton (LVMH) announced that it has increased its stake in … [Read more...]
December 21, 2010 -
Hermes Family Defense to Form Holding Company
Paris— Hermès family majority shareholders said Sunday they plan to seek approval to form a holding company to thwart further … [Read more...]
December 6, 2010 -
Hermes Prepares to Battle LVMH
Paris--Hermès International SCA said it hired BNP Paribas SA and Bank of America Corp. as advisers to help fend off a possible … [Read more...]
December 1, 2010 -
Richemont Half Year Profit Jumps 88%
Geneva—While Richemont reported Friday that profit from its luxury brands such as Cartier, Mont Blanc and Van Cleef & … [Read more...]
November 15, 2010 -
