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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)