News

LVMH investigated for stake in rival Hermes

03/10/2012

An investigation is under way into how luxury group LVMH bought a stake in Hermes, a rival leather goods company, and built it from 14% to 22% effectively unnoticed. Hermes has asked for a criminal investigation into the stakebuilding, following an earlier complaint to French stock market regulator AMF. LVMH denies any wrongdoing and AMF has...

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