LVMH raises its Hermes
Dec 21, 2011
French luxury group LVMH Moet Hennessy Louis Vuitton has raised its stake in rival Hermes International to 22.28 percent from 21.40 percent, a filing with the French market regulator, revealed yesterday.
LVMH’s voting rights in Hermes have increased to 16 percent.
The rise of its voting rights results from the increase in LVMH’s stake and a decrease in the total number of voting rights of Hermes.
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