Event

The LVMH and Hermès stake fight (2010 to 2014)

A four-year dispute that began when LVMH disclosed a stake in Hermès, and that ended with an agreement on 3 September 2014.

4 links, 1 backed by primary records

Connections 4

LVMH built a stake in Hermès, fined €8 million by the AMF on 25 June 2013 for failing to inform the public Scholarship & press 1
Hermès International objected to the stake; agreed the truce of 3 September 2014 Scholarship & press 2
Autorité des marchés financiers its enforcement committee fined LVMH €8 million Scholarship & press 2
Christian Dior SE to pass on to its own shareholders the Hermès shares it received from LVMH Primary record 3

Timeline 1 date

Proof 3 sources

La Commission des sanctions de l'AMF sanctionne la société LVMH, Le Monde du Droit. Scholarship & press
La Commission des sanctions de l'Autorité des marchés financiers (AMF) a prononcé, le 25 juin 2013, une sanction pécuniaire de 8 millions d'euros à l'encontre de la société de luxe LVMH.
Louis Vuitton group hit with €8 million fine, The Local France, 2 Jul 2013. Scholarship & press
LVMH, led by tycoon Bernard Arnault, later built this holding up to 22.6 percent prompting Hermes to cry foul and accuse Arnault of surreptitiously trying to add Hermes to his large stable of brands.
Taking into consideration the 'seriousness of the successive breaches of public disclosure requirements, which consisted in concealing each stage of LVMH's stakebuilding in Hermes', the Committee imposed an 8-million euro fine on LVMH,
LVMH and Hermès mend relations (joint press release, 3 September 2014), Autorité des marchés financiers (hosting a release by LVMH and Hermès), 3 Sep 2014. Primary record
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.

Page history 1 change