PARIS — Hermès International announced that it filed a complaint with a Paris court on July 10 against luxury conglomerate LVMH Moët Hennessy Louis Vuitton, which surprised markets two years ago by revealing it had accumulated a large percentage of Hermès stocks.
“This complaint concerns the terms of LVMH’s entry into the capital of Hermès International,” Hermès said in a two-line statement. The complaint accuses LVMH of insider trading and manipulating stock prices, according to sources familiar with the issue, who declined to be named for confidentiality reasons.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"