Skip navigation

Original Story by,

LAUREN MILLIGAN

05 November 2010

THE French financial services watchdog is set to investigate LVMH’s investment in Hermès, which the label’s executives this week termed dubious. Bertrand Puech and Patrick Thomas said that Arnault should “withdraw” if the investment was to remain “friendly” and insisted that the acquisition should be investigated by the AMF.  LVMH said in a statement today that it welcomed the AMF inquiry, WWD reports, adding that it was convinced the probe would establish that it had scrupulously respected the law. LVMH acquired14.2 per cent of Hermès on October 22, and increased its share to 17 per cent earlier this week despite insisting no takeover is planned.

Check out the Hermès ready to wear collection for 2011.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The Hurt Hernandez

"Preferred Read for People who laugh at ESPN"

barefootfashion

'cause barefeet tread gently on God's earth.

Bucket List Publications

Indulge- Travel, Adventure, & New Experiences

Fashion That Gives Back

For The Fashionista With A Philanthropic Mind

%d bloggers like this: