LVMH and Hermès clarify peace agreement terms


LVMH’s Board of Directors will submit a resolution to shareholders on 25 November to approve share distribution

In a final move to end the long-standing dispute between LVMH and Hermès, the two luxury groups have entered into a settlement agreement to “restore a climate of positive relations between them”.

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The terms of the settlement will see LVMH distribute to its shareholders all of its Hermès shares on the understanding that Christian Dior, which currently holds 40.9% of LVMH’s share capital through Financière Jean Goujon, will distribute the Hermès shares that it receives from LVMH to its own shareholders. Distributions are set to be paid on 17 December.


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