04 Sep '12, 5pm

A Brutal Dispute Between Two Luxury Heavyweights Just Got Even Uglier by @AshleyLutz

A Brutal Dispute Between Two Luxury Heavyweights Just Got Even Uglier by @AshleyLutz

Cheng Xin See Also The Olympics Were Such A Big Distraction That Lots Of People Stopped Shopping These Are The Best Days And Months To Shop For A Deal How Ann Romney's Dress Choice Had An Anti-Obama Subtext French luxury titans LVMH and Hermès, which have been engaged in a longstanding feud over LVMH's rumored attempted takeover of family-owned Hermès , are taking stabs at each other in a series of public complaints. LVMH, best known as owner of Louis Vuitton, acquired a 17.1 percent stake in Hermès in October 2010, and has since raised its stake in Hermès to more than 22 percent. Hermès is the second-most valuable luxury brand in the world, and a significant stake in the brand would help LVMH, the world's largest luxury retailer, expand its reach. Hermès , which is known for its luxe scarves and handbags, accused LVMH Moët Hennessy Louis Vuitton of insider trading and man...

Full article: http://www.businessinsider.com/louis-vuitton-hermes-legal...

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