According to the French Financial Markets Authority issued 20 press release reported that the French luxury goods Hermes Plume maker LVMH luxury goods group Hermes continued holdings of the other shares in the share from 21.4% to 22.28%.
Louis Vuitton, said the group focused on “long-term strategic investment,” still plans to change the actual holdings of Hermes and market share, but does not seek to control the Hermes Wallets brand, it will not launch its public offer.
Group 19 in the French Financial Markets Authority issued a statement that it has through its control of the company acquired the 15th of this month about 0.88% stake in Hermes, which will be held by Hermes equity increased to 22.28%, and a corresponding 16% of the voting rights.
Hermes started the first half of this year, shares in the family dispute has lasted for up to 6 months. Hermes family has been sustained against LVMH M & anti-takeover plan, but Hermes Birkin was the French Association of Small Shareholders (ADAM) intervention, saying it has no right to oppose the acquisition. ADAM and asked to give up their right to vote at general meetings.
The brand has a history of 170 years of family extremely angry, conspiracy to disrupt the prosecution of ADAM and LVMH corporate stability. French courts have not listened to their views, not admissibility of the case.
The policy of appeasement display LVMH president Bernard Puech Hermes Handbags attempt to quell the anger, denied an attempt to “disrupt the business stability”, claiming that stock option is a long-term partnership. Puech totally do not think so, he said: “These six months we were founded 174 years the brand has never encountered the endless attacks, they said this is a friendly act, there is such a friend who would needs enemies? “zhengyiqiong/Dec.blog
Louis Vuitton to Hermes equity holdings
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