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News briefs

LVMH, Zimmerli and luxury watchmakers – News briefs

January 25, 2011

 

lvmh21Today in luxury marketing:

LVMH CEO says not seeking control of Hermes

Bernard Arnault, chief executive of the world’s No. 1 luxury group, LVMH, said he was not seeking control of luxury peer Hermés, in which his group owns more than 20 percent, but was a friendly shareholder, according to Reuters.

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