BFW 09/03 06:50 *ARNAULT WILL HOLD ABOUT 8.5% OF CAPITAL OF HERMÈS
BN 09/03 06:50 *CORRECT: LVMH, DIOR, ARNAULT WON'T BUY HERMÈS SHRS FOR 5 YRS
BN 09/03 06:50 *LVMH DISTRIBUTION OF HERMES STOCK TO BE COMPLETED BY DEC 20
BN 09/03 06:50 *ARNAULT WILL HOLD ABOUT 8.5% OF CAPITAL OF HERMÈS
BN 09/03 06:49 *LVMH, DIOR, GROUPE ARNAULT WON'T BUY HERMES SHARES FOR 5 YEARS
BFW 09/03 06:48 *LVMH TO DISTRIBUTE HERMÈS STOCK TO ITS SHAREHOLDERS
BN 09/03 06:48 *LVMH TO DISTRIBUTE HERMÈS STOCK TO ITS SHAREHOLDERS
BN 09/03 06:47 *LVMH, HERMÈS END CONFLICT
BN 09/03 06:47 *LVMH AND HERMÈS HAVE BROUGHT TO END CONFLICT
BN 09/03 06:47 *LVMH: LVMH AND HERMÈS MEND RELATIONS
BN 09/03 06:50 *CORRECT: LVMH, DIOR, ARNAULT WON'T BUY HERMÈS SHRS FOR 5 YRS
BN 09/03 06:50 *LVMH DISTRIBUTION OF HERMES STOCK TO BE COMPLETED BY DEC 20
BN 09/03 06:50 *ARNAULT WILL HOLD ABOUT 8.5% OF CAPITAL OF HERMÈS
BN 09/03 06:49 *LVMH, DIOR, GROUPE ARNAULT WON'T BUY HERMES SHARES FOR 5 YEARS
BFW 09/03 06:48 *LVMH TO DISTRIBUTE HERMÈS STOCK TO ITS SHAREHOLDERS
BN 09/03 06:48 *LVMH TO DISTRIBUTE HERMÈS STOCK TO ITS SHAREHOLDERS
BN 09/03 06:47 *LVMH, HERMÈS END CONFLICT
BN 09/03 06:47 *LVMH AND HERMÈS HAVE BROUGHT TO END CONFLICT
BN 09/03 06:47 *LVMH: LVMH AND HERMÈS MEND RELATIONS
LVMH: LVMH and Hermès mend relations
2014-09-03 06:47:25.443 GMT
LVMH: LVMH and Hermès mend relations
PRESS RELEASE
Paris, September 3^rd 2014
The President of the Commercial Court of Paris, Mr. Franck Gentin, proposed to
LVMH and Hermès a conciliation in order to bring to an end the conflicts
between the two groups and restore a climate of positive relations between
them.
The two parties having reacted favorably to this proposal, signed an agreement
under which the LVMH Group will distribute all its Hermès shares to its
shareholders, on the understanding that LVMH's largest shareholder, Christian
Dior will in turn distribute the Hermès shares it receives to its own
shareholders. LVMH, Dior and Groupe Arnault have undertaken not to acquire any
shares in Hermès for the next five years. The distribution of Hermès shares,
approved by the boards of LVMH and Dior, will be completed no later than 20^th
December 2014. Following this distribution, Groupe Arnault will hold around
8.5% of the capital of Hermès International.
By virtue of the agreement reached today, LVMH and Hermès have brought to an
end the conflict, and all related actions, between them.
Mr. Axel Dumas and Mr. Bernard Arnault both express their satisfaction that
relations between the two groups, representatives of France's savoir-faire,
have now been restored.
LVMH
LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a
portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot
Ponsardin, Krug, Ruinart, Mercier, Château d'Yquem, Domaine du Clos des
Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Wen Jun,
Belvedere, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des
Andes, Cape Mentelle, Newton et Numanthia. Its Fashion and Leather Goods
division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink,
Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, Nicholas Kirkwood and
Loro Piana. LVMH is present in the Perfumes and Cosmetics sector with Parfums
Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as
well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For
Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing as
well as in other activities through DFS, Sephora, Le Bon Marché, la
Samaritaine and Royal Van Lent. LVMH's Watches and Jewelry division comprises
Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers
Diamond Jewellers Ltd, a joint venture created with the world's leading
diamond group.
Contacts:
Analysts and investors: Chris Hollis + 33 1.4413.2122
LVMH
Media:
France : Michel Calzaroni/Olivier Labesse/ + 33 1.4070.1189
Sonia Fellmann/Hugues Schmitt
DGM Conseil
Steele & Holt - Sylvain Fort +33 6. 21.89.11.05
UK: Hugh Morrison + 44.773.965 5492
Italy: Michele Calcaterra/Mateo Steinbach +39 02.8905.5101
Carlo Bruno&Associati
US: James Fingeroth/Molly Morse/ +1 212.521.4800
Anntal Silver
Kekst & Company
LVMH Press Release
2014-09-03 06:47:25.443 GMT
LVMH: LVMH and Hermès mend relations
PRESS RELEASE
Paris, September 3^rd 2014
The President of the Commercial Court of Paris, Mr. Franck Gentin, proposed to
LVMH and Hermès a conciliation in order to bring to an end the conflicts
between the two groups and restore a climate of positive relations between
them.
The two parties having reacted favorably to this proposal, signed an agreement
under which the LVMH Group will distribute all its Hermès shares to its
shareholders, on the understanding that LVMH's largest shareholder, Christian
Dior will in turn distribute the Hermès shares it receives to its own
shareholders. LVMH, Dior and Groupe Arnault have undertaken not to acquire any
shares in Hermès for the next five years. The distribution of Hermès shares,
approved by the boards of LVMH and Dior, will be completed no later than 20^th
December 2014. Following this distribution, Groupe Arnault will hold around
8.5% of the capital of Hermès International.
By virtue of the agreement reached today, LVMH and Hermès have brought to an
end the conflict, and all related actions, between them.
Mr. Axel Dumas and Mr. Bernard Arnault both express their satisfaction that
relations between the two groups, representatives of France's savoir-faire,
have now been restored.
LVMH
LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a
portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot
Ponsardin, Krug, Ruinart, Mercier, Château d'Yquem, Domaine du Clos des
Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Wen Jun,
Belvedere, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des
Andes, Cape Mentelle, Newton et Numanthia. Its Fashion and Leather Goods
division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink,
Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, Nicholas Kirkwood and
Loro Piana. LVMH is present in the Perfumes and Cosmetics sector with Parfums
Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as
well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For
Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing as
well as in other activities through DFS, Sephora, Le Bon Marché, la
Samaritaine and Royal Van Lent. LVMH's Watches and Jewelry division comprises
Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers
Diamond Jewellers Ltd, a joint venture created with the world's leading
diamond group.
Contacts:
Analysts and investors: Chris Hollis + 33 1.4413.2122
LVMH
Media:
France : Michel Calzaroni/Olivier Labesse/ + 33 1.4070.1189
Sonia Fellmann/Hugues Schmitt
DGM Conseil
Steele & Holt - Sylvain Fort +33 6. 21.89.11.05
UK: Hugh Morrison + 44.773.965 5492
Italy: Michele Calcaterra/Mateo Steinbach +39 02.8905.5101
Carlo Bruno&Associati
US: James Fingeroth/Molly Morse/ +1 212.521.4800
Anntal Silver
Kekst & Company
LVMH Press Release