PARIS — The French market regulator (AMF) is examining LVMH Moët Hennessy Louis Vuitton’s stealth purchase of a 17.1 percent share in Hermès International to decide whether market rules were respected, the head of the authority said in a newspaper interview on Tuesday. AMF president Jean-Pierre Jouyet told financial daily Les Echos, which is owned by LVMH, that the market authority had merely been notified by LVMH that it had acquired the shares via equity swaps, but that it had yet to approve the operation.
“If, given the elements in his possession, the secretary general of the AMF considers that there are grounds to launch an inquiry, then this will be ordered,” he was quoted as saying by the newspaper.
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?"