LVMH Buys 14.2% of Hermes

24Oct10

This is BIG news in the fashion business world! Louis Vuitton Moet Hennessy the world’s GINORMOUS luxury conglomerate bought 14.2% of HERMES International for approximately $2 Billion and plans to raise it’s stake to 17.1% and there are no plans of LVMH taking over or seeking control of its’ contender. Might I add LVMH’s sales went up 24% in the 3rd quarter of 2010!!!– IN A RECESSION!

Advertisements


No Responses Yet to “LVMH Buys 14.2% of Hermes”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: