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Commerce

LVMH fuels Hermes takeover speculation as ownership stake tops 20pc

December 23, 2010

Is LVMH battling for control of Hermes?

 

By Peter Finocchiaro

French conglomerate LVMH Moet Hennessey Louis Vuitton has executed the latest gambit in its ongoing, speculated conquest of independent fashion house Hermès by announcing that it has crossed the 20 percent threshold for ownership of the company.

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