Wednesday, July 27, 2011

LVMH Increases Stake in Hermès

LVMH continues to slowly add to its ownership of Hermès International saying it now owns 21.4 percent of the Parisian luxury jewelry house, up from 20.2 percent. Company representatives made the announcement Tuesday during LVMH's half-year earnings report conference call with investors and journalists.



Bernard Arnault
In October 2010, LVMH shocked the luxury and investment industries and

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