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

Report: Tiffany May Be Ripe for Acquisition

Tiffany & Co. flagship store

Tiffany & Co. has sparkled as the world slowly recovers from one of the worst economic downturns ever. Just today, the luxury jewelry retailer said its holiday net sales grew 11 percent, over the prior year, and that it has increased its global sales outlook to $3.1 billion, well above the $2.7 billion in sales it earned in 2009. All this success has made the New

Hermès Wins a Battle Against Possible LVMH Takeover

The French stock market regulator said Thursday that family members who control the majority stake of Hermès can keep control of the company by pooling their shares into a separate holding company and not have to buy outside shares, according to media reports.
This is being interpreted as a victory for the family members of the Parisian luxury house, who own more than 73 percent of company