Alex Carter
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé…
The Hermès purchase makes Bernard Arnault of LVMH Moët Hennessy Louis Vuitton the largest individual shareholder. Should be interesting what occurs next:
French luxury-goods giant LVMH Moët Hennessy Louis Vuitton has increased its stake in rival Hermès International to more than 20%, increasing the tension in an unwelcome assault on the French maker of pricey handbags, scarves and other luxury goods. In a filing Tuesday with the French stock market regulator, LVMH said it now owns 20.2% of family-controlled Hermès. – read more at WSJ
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Alex Carter
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.