PARIS — LVMH Moët Hennessy Louis Vuitton now holds 17.1 percent of the share capital of Hermès International.
The French luxury group said Tuesday it acquired the 3 million shares it had previously described as derivative instruments when it revealed its 14.2 percent stake in Hermès last Saturday. As of Monday, LVMH holds just over 18 million shares.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"