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(25th October 2010) LVMH, the Luxury Fashion empire who run Louis Vuitton, has purchased 14.2% of its French rival Herm├Ęs, famous for their beautiful silk scarves of course. LVMH purchased the stake on Friday for 1.3 billion GBP. However, LVMH assure us the new stake is not the start of a plan for full ownership.

(Source Vogue.com)

Hermes LogoSource:snapme.ca

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25th Oct 2010
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