Measured by sales, LVMH is the world's largest luxury-goods company, and is run by French businessman Bernard Arnault. The latest LVMH purchase makes Arnault the largest individual shareholder of Hermes. LVMH bought its new shares on and off the market, the company said in the regulatory...

Yesterday at the retail chain's annual shareholder meeting in Pittsburgh, CEO Gregg Steinhafel got taken to task over why he put so much money in such questionable hands. Women's Wear Dailyreports that Steinhafel sounded "embattled and annoyed" when shareholders asked him question after...

>> LVMH is taking its time with the announcement of Dior's new designer, and it sounds like the decision still has yet to be made. At a recent shareholders' meeting, Bernard Arnault said the plan was to interview a number of candidates before making the call when "conviction" arrives. But...

of Hermes Chief Executive Patrick Thomas who is furious that LVMH has quietly acquired a 20% stake in Hermes, Arnault said: "We can bring them (Hermes) a number of advantages both strategically and operationally without anything in return other than our presence as a shareholder," Arnault...

I had a lot of meetings yesterday so I wanted to look more mature- so I borrowed my mom's loose (and comfy) dress. I had my first 5:30pm meeting in the fort piazza and it was windy like hell- I felt like I was Marilyn Monroe trying to keep my skirt in place. 7:30pm (and my last) meeting was...

Chairman and CEO of LVMHBernard Arnault offered a few insightful points on the future of the fashion house at its annual shareholder meeting. In addition to emphasizing that its major luxury goods would continue to not be sold online, he commented on the promise of the Marc Jacobs...

Again, no one can blame LVMH for getting in on the Hermes deal, but the folks at Hermes have to be steaming that in the days leading up to Christmas–when most people are taking a break from committing predatory business acts, LVMH sneak attacks and scoops up some more shares, bringing its...

Hermes has a market capitalization of 16.6 billion euros. De Seynes made no comment on the new holding and a special AMF exemption from having to bid for Hermes. The company says the move does not change control of Hermes. The French Adam minority shareholders association has said it would...

Given that the future of his company is bleak at best, it seems counterintuitive that CEO Dov Charney (who also happens to be the company's principal shareholder) was noticeably absent from American Apparel's shareholder meeting on Tuesday. WWDreports that Charney's absence was due to a...

Yesterday CEO Bernard Arnault led LVMH's annual shareholder meeting. Sometimes these high-level meetings yield little more than a stream of facts and figures, but other times they can shed light on a company's thinking. When it came time to discuss Dior, this one didn't disappoint. Without...

 

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