LVMH becomes a shareholder of Hermès International

Published: 26-Oct-2010

French luxury products group now owns shares worth 14.2% of the company


LVMH Moët Hennessy Louis Vuitton, one of the world’s leading luxury product groups, has announced that it now holds 15,016,000 shares in Hermès International, representing a 14.2% share capital of the company.

The objective of LVMH is to be a long-term shareholder of Hermès and to contribute to the preservation of the family and the French attributes which it says “are at the heart of the global success of this iconic brand”.

LVMH says it has no intention of making a tender offer, taking control of Hermès nor seeking Board representation and says it fully supports the strategy of the founding family and the management team.
  • Companies:
  • Louis Vuitton Moet Hennessy
  • Hermes
See more

You may also like

Finance

LVMH’s revenue dips despite ‘remarkable growth’ from Sephora

Read more
The giant’s Selective Retailing and Perfumes & Cosmetics divisions delivered strong sales despite the ‘uncertain’ economic climate

Trending Articles

  1. Cosmetics Business Picks: 7 beauty launches to pick up this week Cosmetics Business takes a look at seven beauty launches that have caught our eye this week, including a look at Weleda’s new Firming Face Care range
  2. Beiersdorf Q1 sales top €2.6 billion as Nivea drives growth Beiersdorf’s derm brands Eucerin and Aquaphor also reported double digit growth during the quarter
  3. Beiersdorf opens 'agile working' campus in Hamburg The 51,000sqm space includes a newly-built corporate headquarters
  4. Nivea helps push Beiersdorf sales to €4.9 billion in H1 Sun protection was pinpointed as a strong performance segment for the German giant's Nivea, Eucerin and Aquaphor brands
  5. Colgate-Palmolive and P&G lag behind Unilever at cutting back emissions A study by Planet Tracker found some FMCG companies’ emissions were seven times higher than the recommended level

Upcoming event

Pure Beauty Global Awards 2024

23 May | London, United Kingdom See all

You may also like

Finance

LVMH’s revenue dips despite ‘remarkable growth’ from Sephora

The giant’s Selective Retailing and Perfumes & Cosmetics divisions delivered strong sales despite the ‘uncertain’ economic climate
Retail

Sephora reveals opening date for Manchester store

The luxury beauty retailer’s third UK location at the Trafford Centre is opening sooner than you think
You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics

Cosmetics Business Picks: 6 beauty launches for April

Cosmetics Business rounds up the latest beauty launches available this month, including a look at Serena William's new make-up brand
Colour Cosmetics

The 9 beauty figures who topped Forbes’ 2024 Billionaires List

LVMH chairman Bernard Arnault continues to defend his title as the world’s richest man in 2024
Colour Cosmetics

Lady Gaga’s Haus Labs launches into Europe

Consumers in France, Spain, Germany, Italy and more can now get their hands on the ‘Poker Face’ singer’s make-up range via Sephora
Retail

Rihanna’s Fenty Beauty to launch in mainland China in April

The singer announced via Weibo that her brand will retail at Sephora China
You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics

Cosmetics Business Picks: 6 new beauty launches out now

Cosmetics Business takes a look at six new skin care and cosmetics launches which grabbed our attention this week
Subscribe now