Louis Vuitton Runway Show Paris Fashion Week For Spring Summer 2012

Louis Vuitton Ready to Wear Spring / Summer 2012 show during Paris Fashion Week on October 5, 2011 in Paris, France.

Chanel Files Lawsuit Against 399 Websites And Louis Vuitton Now Owns Bulgari

Chanel Inc. has filed a cyberpiracy and trademark infringement lawsuit against 399 websites the company accuses of selling counterfeit items bearing the luxury retailer's name.

The suit filed Tuesday in U.S. District Court in Las Vegas seeks unspecified damages from unnamed operators of websites that the New York-based fashion house alleges operate from China, the Bahamas and other overseas jurisdictions where trademark enforcement is lax.

LVMH (Louis Vuitton) said  it now controls 98% of Italy’s Bulgari after minority shareholders tendered their shares as part of its 3.7 billion euro offer for the high-end jeweler. The deal will double LVMH’s watch and jewelry business to make up around 10 percent of its sales and about 6 percent of operating profit, according to analysts.

Bulgari Sells 56% Of Its Company To Louis Vuitton For 5.2 Billion Deal

LVMH said in a statement it will exchange 16.5 million of its own shares for the 56% stake in Bulgari owned by the company's founding family. Bulgari will be paid with Louis Vuitton shares worth 5.2 billion.

LVMH will offer the remaining Bulgari shareholders $17.10 per share in a public offering. After the deal, the Bulgari family will own 3% of LVMH.

Bulgari was started in 1884 by Greek immigrant Sotirios Bulgari, who opened the flagship Via Condotti store in Rome in 1905
 and has expanded to more than 260 stores.

Louis Vuitton Runway Show Paris Fashion Week 2011 For Fall Winter 2011

Louis Vuitton Runway Show as part of Paris Fashion Week Womenswear Autumn/Winter 2011 on March 9, 2011 in Paris

Hermes Win Battle Aganist Louis Vuitton The Company Removes Its Shares Off Public Market Avoiding Takeover

The family behind the French luxury group Hermès have won their first victory against fashion giant Louis Vuitton. AMF decreed a waiver Friday in Paris, allowing the heirs of Thierry Hermès to group their shares into a single holding company, without having to launch a public tender to buy out minority shareholders. 


This means shares can only be sold among the family or selected buyers. Making it very difficult for Louis Vuitton to acquire more of Herme's shares (unless someone in their family goes rogue and sell out). Louis Vuitton currently owns 20% of Hermes.

Despite Hermes Disapproval Louis Vuitton Buys More Of Herme's Shares

Global luxury retailer Louis Vuitton said Tuesday it had increased its stake in rival Hermes from 14% to 20%, after the Hermes family pleaded with Louis Vuitton not to do so.

Louis Vuitton said in a statement to the market regulator that as of Dec 17 it held 20.21 percent of Hermes after buying more shares on the open market. Louis Vuitton purchase it first shares back in October 2010.

Hermes is currently consulting with an attorney to remove its shares from public markets. The family said from now on they intend to sell privately. They better hurry for there is nothing left to sell lol. Louis Vuitton is shady.

Fendi, Burberry, Louis Vuitton, And Miu Miu Christmas Windows

Fendi



Miu Miu

Louis Vuitton

Burberry

I have been in New York for the last couple of weeks, working on the magazine spring issue. A lot of our private shopping has been occurring after business hours. So by the time i arrive for the pick ups, it's dark out and shops windows are lit. So i took it upon myself to snap some photos for some fashion holiday cheer. I have more photos of Christmas windows i will post when i have some down time.

Hermes Hires Lawyers To Fight Louis Vuitton 14% Purchase Of Their Shares

Hermes family, described Arnault and LVMH's presence as thus: "It's like a mosquito buzzing around, and it's annoying. But it's very difficult to get a mosquito out."

So the Hermes family is considering funneling its shares into an unlisted holding company, which would prevent individual family members from selling their shares to outsiders. This would be an extra defense: Puech heads Emile Hermes, the limited partnership that controls the fashion house and is open only to direct descendants of the founders, which is the current defense in place. The limited partnership's by-laws give the Hermes family decision-making power, even if only one family member remains a shareholder — which means it would be difficult for an outsider to control the company without the entire family's approval.

Louis Vuitton's Arnault Makes Forbe "Most Powerful People" #43 Net Worth $39 Billion

 As part of a cover profile in its latest issue, Forbes values the Moët Hennessy Louis Vuitton chairman and chief executive officer’s net worth at $39 billion, a 41.8 percent boost from the last time the magazine estimated his fortune…in March. Arnault makes an appearance, at No. 43, on the magazine’s list of “The Most Powerful People on Earth.” Though Arnault is the most fashion-centric name on the list, he shares space with a few other power brokers with toeholds in the industry. Wal-Mart ceo Mike Duke clocks in at No. 25 and Mexican billionaire, and Saks investor, Carlos Slim Helú ranks at No. 21.

Hermes Demands Louis Vuitton Not Purchase Anymore Of Their Shares And Wants Them To Sell Their 14% Stake

Louis Vuitton purchased 14.2% of Hermes shares, and despite denying any full-on takeover bids, LVMH announced intentions to buy more shares depending on market conditions. Hermes executives are not happy.

In a newspaper interview with Le Figaro today, Patrick Thomas CEO of Hermes and Bertrand Puech  fifth-generation heir of Hermes called for Louis Vuitton  to get rid of his newly-acquired stake. They added that they did not see the shares purchase as "friendly," despite Arnault's assurances that he doesn't plan a hostile takeover. "The family is saying clearly and unanimously: ‘If you want to be friendly, Monsieur Arnault, "get rid of it withdraw".

Louis Vuitton Buys 14% Of Hermes

According to Bloomberg, Moet Hennessy Louis Vuitton  has purchased 14.2 percent of Hermes and doesn’t plan on taking control of its rival.

LVMH, which declined to say if it held Hermes shares before today, said the total cost of the purchase would be 1.45 billion euros ($2 billion). An external spokesman for Paris-based LVMH, who asked not to be identified, declined to give further details. Investors in France must disclose shareholdings of five percent and more.

“LVMH has no intention of launching a tender offer, taking control of Hermes nor seeking board representation,” LVMH said today in a statement. “The objective of LVMH is to be a long- term shareholder of Hermes. LVMH fully supports the strategy implemented by the founding family and the management team.” Calls to Hermes were not immediately returned.

Hermes shares have climbed 77 percent in Paris since the May 1 death of former Chief Executive Officer Jean-Louis Dumas on speculation the company’s founding family may be more willing to sell. His death caused no change in the Hermes family’s attachment to the maker of Birkin bags and silk scarves, the company said at the time. Most of Hermes stock is privately held.

Under The Radar: Vera Wang's President Mario Grauso Divorcing His Wife And Burberry May Soon Be Bought Out By Louis Vuitton LVMH Group

According to the New York Post, Anne and Mario Grauso have called it quits after 18 years of marriage. Anne confirmed the split to Page Six and called her separation from her husband, the president of Vera Wang, "amicable." 


 Rumors have been circulating that Burberry could be the target of a takeover by luxury group, like PPR or LVMH (louis Vuitton). Cartwright (Burbery's CFO) declined to comment on the rumors, but did say: “We have a lot of growth ahead, and we’re keeping our heads down and getting on with our work. We’re delighted with the progress so far.”  Burberry CEO Angela Ahrendts is “committed to this business.”

Louis Vuitton Runway Show Paris Fashion Week 2010 For Spring Summer 2011

Louis Vuitton Ready to Wear Spring/Summer 2011 show during Paris Fashion Week at on October 6, 2010 in Paris, France.