当前位置:

首页 >

 Fashion And Brands>

 Hermès to sue LVMH over equity swaps to build stake

Hermès to sue LVMH over equity swaps to build stake

2019-03-06

来源:中国皮革协会

作者:

]Hermès International SCA will sue rival luxury group LVMH seeking the annulment of equity swaps that LVMH used to secretly amass a stake in Hermès, the company said, confirming a newspaper repo ...

Hermès International SCA will sue rival luxury group LVMH seeking the annulment of equity swaps that LVMH used to secretly amass a stake in Hermès, the company said, confirming a newspaper report.
According to French daily Les Echos, Hermès argues that LVMH had the intention to acquire Hermès shares as soon as it bought equity swaps in 2008. Those swaps were supposed to be settled in cash, but ended up being settled in Hermès shares.
A Hermès spokeswoman confirmed the newspaper report but gave no further details.
Hermès owners have fought tooth and nail against LVMH, the luxury vehicle of billionaire Bernard Arnault, since it revealed in 2010 that it had secretly built up a 14 percent stake in Hermès. This was later increased 22.6 percent.
The 175-year-old maker of Birkin and Kelly handbags, founded in Paris by Thierry Hermès as a harness workshop, has challenged the legality of the stealth stake-building in a court procedure and asked the regulator to intervene.
LVMH has consistently denied any wrongdoing.

Printing

Related News

责任编辑人:王若文

收藏:

Copyright 1998-2015 chinaleather.org Inc. All rights reserved

中国皮革协会 版权所有,未经许可不得转载 京ICP备11000851号-1 京公网安备 11010202009378号

地址:北京市西城区西直门外大街18号金贸大厦C2座708室 邮编:100044