LVMH And Herm S, Hermes, Settle The Dispute Of Equity In A Peaceful Way.
Here world Clothing shoes and hats Xiaobian of the network introduces LVMH and Herm s Hermes to share disputes.
LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy LV group and Herm s International International (herb) International Hermes International announced today that the two sides have signed an agreement under the mediation of the Paris commercial court, ending a four year equity dispute to repair the relationship between the two global luxury giants.
According to the agreement, LV MH Mo t Hennessy Louis Vuitton SA (LVMH.PA) will distribute its 23.2% Herm s s International shares (Hennessy) to shareholders of the group before December 20, 2014. LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) and group chairman and chief executive officer Bernard Arnault family holding company, Groupe Groupe and T, agree that they will no longer acquire shares of the company in the next 5 years.
After the end of this round of share allocation, Groupe Arnault SAS will continue to hold 8.5% Herm s International SCA (HRMS.PA) shares. However, the legal disputes between LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) and Herm s International International (x) will also end.
News stimulated LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) increased by 6.2% at most in early, but since the market had been expecting LVMH, Mo, t, t, and t to bring about a disappearance of premium, the market recorded the biggest decline in early trading. At the time of no fashion Chinese net, LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) rose 3.31% to 137.40 euros, Herm Herm s International (Hennessy) fell 7.35% to 243.45 euros.
Since the death of Herm Jean-Louis s International SCA (HRMS.PA), the fifth generation successor of the Hermes family and the five CEO Jean-Louis Dumas after the death in 2010, LVMH Mo t t Hennessy has been acquired through various means. During this period, Herm s International SCA (HRMS.PA) shares rose more than 48%.
LVMH's own share price rose less than 12%, so Bernard Arnault has repeatedly advocated the so-called "value investment" of Herm s International SCA (HRMS.PA) in its earnings reports. Herm e s International SCA (HRMS.PA), in order to prevent acquisition, Herm Herm s Hermes family members set up a private holding company H51, H51 held 50.2% of Herm s s, the president of the family members, and the crew members frequently asked for the divestment in the open channel. Buy Herm's s International SCA (HRMS.PA) shares were fined 8 million euros by the French securities market regulator (AMF).
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