LVMH Said: The Investment In Luxury Brand Hermes Increased From 22.6% To 23.1%.

LVMH, the world's largest luxury brand group, said its investment in luxury brand P Herm s increased from 22.6% to 23.1%.

The group described this move as "an opportunistic move".

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< p > "this does not mean that we have made a statement for the future, so you can not infer what we will do next year," said Jean-Jacques Guiony, chief financial officer, at a conference call.

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< p > according to the semi annual consolidated financial statements released by LVMH yesterday, the Paris headquarters of the group increased its stake in the Birkin bag manufacturer in the first half of 2013.

LVMH said that as of June 30th, the price of Hermes's stock was 248 euros.

Hermes's trading price in Paris is 254.55 euros this afternoon at 4:18.

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"P > Herm e s" has repeatedly called on LVMH group to reduce its equity swap in early 2010 by obtaining cash in exchange settlement equity swap.

The French financial market regulator fined the LVMH group for 8 million euros in violation of information disclosure rules this month.

On the LVMH side, it was said that the purchase of the derivative shares of Herm s in 2008 did not violate the rules, so it would appeal.

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"P > earlier this month, the group that purchased Italy cashmere" a target= "_blank" href= "http://www.91se91.com/" clothing "/a" Loro Piana SpA 80% "said today that it did not need to sell its shares in Hermes to promote its growth in other business areas.

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"P", "time will tell," Guiony said. "We are very happy to see the performance of Herm s, so we have no special pressure."

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< p > because of its surge in sales of Kelly handbags and other goods in Asia and the Americas, Herm's s announced a quarterly increase of 16%, excluding the effects of exchange rate fluctuations.

LVMH announced yesterday that its comparable revenue grew by 9% in the second quarter and 4.5% in issue shares.

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