Luxury conglomerate LVMH Moet Hennessey Louis Vuitton is stuck in the craw of family-owned scarf and leather-goods maker Hermes. Crying foul is not working - not with that famed collector of luxury houses, Bernard Arnault.
In its latest effort to beat back the interloper, Hermes has allegedly requested that LVMH halve its shareholding from 20 percent to 10 percent. But LVMH is not legally bound to divest its Hermes holdings and shows little inclination to fulfill that request.
{"ct":"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","iv":"22e1f279b7d37eaafc6d5565c01a1ee2","s":"9f95c7bac4354fa7"}