LVMH Fines 8 Million Euros, Does Not Appeal Malicious Investment Herm Gains S Gains

< p > to the Autorite des Marches Financiers (AMF), the 8 million euro ticket issued by the sanctions committee of the French securities market regulator, LVMH Mo t Hennessy Louis Louis (MOET & CHANDON) Hennessy group Louis Weedon said that the penalty was no longer appealed, but at the end of the term, it was declared that there was no illegal behavior in the acquisition of shares of Hermes international group.

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< p > in early July, the French Securities Market Regulatory Commission sanctions committee issued a 8 million euro ticket to the MOET & CHANDON Hennessy Louis & vdun group for the malicious acquisition of Herm s International SCA (RMS.PA) Hermes International Group shares, Autorite des Marches Financiers (referred to as AMF).

AFM held a hearing at the end of May, and at the hearing said the maximum penalty was 10 million euros.

LVMH Mo, t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy Louis Weedon group issued a statement after the penalty and said it would appeal.

LVMH said it was shocked by the weak decision of AMF and said that punishment was unwarranted regardless of legal terms or analysis.

AMF pointed out that in 2008 and 2009, LVMH did not disclose relevant information on the shares held by Herm s International SCA (RMS.PA) Hermes International Group, which violated the provisions of information disclosure.

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< p > LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy Louis Weedon group said the reason why it no longer appeals is to take into account the interests of shareholders, and the time cost of the appeal is too great, and will interfere with LVMH Mo Mo.

The speech was very proud, showing its consistent "shameless style".

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< p > October 2010, LVMH Mo t t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy Louis Weedon group was charged with a 17.1% stake in Herm Herm s LVMH.PA (Stock Exchange), plus a total of 22.6% previously held.

AFM indicated that the information LVMH should be disclosed in June 2010, while LVMH was not disclosed in October.

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< p > it is reported that the shareholders of French listed companies must issue a notice when holding the critical values of 5%, 10%, 15% and so on, while LVMH Mo t Hennessy Louis Vuitton SA (MC.PA) MOET & CHANDON Hennessy Louis Weedon now holds 22.6% stake in the Herm Herm s MC.PA (()) Hermes international group but has not issued a notice.

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< p > Herm s International SCA (RMS.PA) Hermes International Group has repeatedly urged LVMH Mo t Hennessy Louis Louis t (MOET & CHANDON) Hennessy Hennessy group to reduce shares, clinker Louis Weedon, MOET & CHANDON Hennessy Louis Weedon group.

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< p > according to the data, LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy LV Group continued to increase its shareholding interest in the first half of the year, and increased from 22.6% to 23.1% in the first half of the year, and spent 162 million euros on investment in the half year of fiscal year, mainly for the acquisition of the shares of the Hermes and Hermes, with an investment of 113 million euros.

Unlike in the past, LVMH, which was fined by 8 million, disclosed the information in the earnings report this time.

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"P LVMH" Mo t Hennessy Louis Vuitton SA (LVMH.PA), MOET & CHANDON Hennessy LV group chief financial officer Jean-Jacques Guiony, at the analysts conference call, said "frankly speaking, we are very pleased with the performance of the company."

Jean-Jacques Guiony said that the increase does not mean any attitude of LVMH, so it is not sure whether it will continue to increase or buy.

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< p > by this calculation, LVMH Mo t t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy LV group has gained more than 3 billion 500 million euros in profits from two years of acquisition of Herm, s, LVMH.PA, and Hermes international group.

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< p > at present, LVMH and Herm s are still entangled in the lawsuit.

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Less than P > just two weeks after the civil lawsuit filed by LVMH Mo t t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy Louis Weedon group to a senior executive of the Herm s s (Louis Weedon) Hermes International Group, the company launched a lawsuit counterattack and filed a lawsuit against the Paris commercial court.

Herm e s Hermes has appealed to the Paris Criminal Court on the same issue in July 2012.

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< p > > according to Herm s International SCA (RMS.PA), a spokesman for Hermes said that the investigation will begin after the closure of the criminal court.

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< p > May 31st, Autorite des Marches Financiers (AMF), the French securities market regulator sanctions committee held the final hearing on the dispute between the two sides, and the hearing was also full of smoke.

LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy Louis Weedon accused the Autorite des Marches Financiers (referred to as) the French securities market regulator sanctions committee favors the Hermes international group. Meanwhile, it also accused the media of not taking the lead, and of course, it has not let go of it.

LVMH Mo t Hennessy Louis Vuitton SA (MC.PA) MOET & CHANDON Hennessy Louis Weedon lawyer Georges Terrier said that AMF could not give a fair judgement, and he also said that Hermes Hermes had tried to influence the outcome of the proceedings.

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< p > May 18th, the French Le Monde world newspaper exposes a 115 page Autorite des Marches Financiers (referred to as AMF), a French securities market regulator's investigation report on the case. It is reported that LVMH management has released a purchase plan for the acquisition of Herm s at group Montaigne Avenue Conference Center.

Participating in the formulation of the plan includes the group vice chairman, Pierre God ye, managing director of Groupe Arnault, and Nicolas Bazire, member of the board of directors of LVMH.

The Le Monde world reported that Bernard Arnault bought the shares of the 4.9% in -2002 holding company Hannibal S.A. and Alta Iraqi r in -2002 2001 in -2002, and then pferred the share to the tax haven Panama company.

In December 18, 2006, Bernard Arnault officially launched the takeover plan called "Mercure".

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< p > June 4th, Herm year s International SCA (RMS.PA) Hermes International Group held the annual shareholders' meeting, chief executive Patrick Thomas praised Autorite des Marches (referred to as), the French securities market supervision committee sanctions committee representatives on the MOET & CHANDON s Hennessy sanctions recommendations.

Autorite des Marches Financiers (referred to as AMF), the representative of the French Securities Market Regulatory Committee sanctions committee said at the evening hearing May 31st, "taking into account (LVMH) serious non performance of legal responsibilities", it recommended that LVMH Mo t Hennessy Louis Louis (MOET & CHANDON) Hennessy (MOET & CHANDON) take the heaviest penalty, namely, impose a fine of 10 million euros.

The penalty decision for LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy Louis Weedon will be pronounced before July 31st.

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< p > then, LVMH Mo t t Hennessy Louis Vuitton SA (MC.PA) MOET & CHANDON Hennessy Louis Weedon counteracted against Herm's s MC.PA (Hermes) International Group.

Pierre God E did not disclose who was the senior executive of Herm s s, but the industry speculated that it might be Patrick Herm, chief executive officer of the Herm s International SCA (RMS.PA) Hermes international group.

Pierre God e told France's "Le Figaro Figaro" that "Herm s Hermes has done many damage to us through activities. Our patience is limited. It is time for the public to know the truth."

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< p > LVMH Mo t Hennessy Louis Vuitton SA (MC.PA) MOET & CHANDON Hennessy Louis Weedon now holds 22.28% stake in the Herm Herm s MC.PA (Hermes) International Group, which is worth about 6 billion 560 million euros.

Herm e s Hermes family Dumas, Puech and Guerrand holds more than 70% of the group's shares, and set up a family owned holding company H51 last year. H51 currently holds 50.2% of the shares of Herm s s International (L) Hermes International Group, and the former family members have the priority to purchase the remaining shares of the s group, aiming to block the further acquisition of MOET & CHANDON Hennessy.

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