News briefs
June 20, 2013
By Staff reports
Hermès challenges LVMH’s ‘illicit’ stakebuilding
Hermès International, the Paris-based luxury goods group, has stepped up the pressure on LVMH, its unwelcome shareholder, by filing a legal complaint aimed at nullifying the derivative contracts that allowed its larger rival suddenly to take a 12 percent stake, the Financial Times reports.
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