LVMH Bashny.Net

World's flagship luxury-industry LVMH Moët Hennessy Louis Vuitton bought the 17, 2% stake in the fashion house Hermès. The cost of the transaction amounted to 1, 45 billion euros. A piece of fashion house LVMH got for the price two times lower than the market price. The recalculated price of each share was € 80, 5, while the stock market shares of Hermès worth over € 176. LVMH is the world's largest producer of goods of class "luxury". The company's portfolio there are brands such as Louis Vuitton, Moёt & Chandon, Givenchy, Kenzo, Hennessy and others. In the current year profit conglomerate amounted to about $ 20 billion. Hermès is a world famous manufacturer of silk scarves and handbags Birkin and Kelly. On assurances of LVMH management, it is not going to absorb its competitor, or even interfere with its work. Now the fashion house Hermès is 72% owned by descendants of founder Thierry Hermès. LVMH shares gathered in secret from family members, through hundreds of small minorities. "Representatives of LVMH notified us about buying our assets in just one hour before the official announcement," - he complained to the chief executive of Hermès Patrick Albaladeho.