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LVMH Increases Stake in Hermes Again

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

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 …