AID PACKAGE: Dickson Poon has come to the rescue of S.T. Dupont. The embattled French luxury house, known for its lighters and pens, last Thursday said Poon, the company’s majority shareholder, had agreed in principal to a 42 million euro capital infusion. “This important agreement gives S.T. Dupont the means necessary to continue its turnaround and its development,” said Marc Lelandais, the company’s president. Trading of S.T. Dupont was suspended on the Paris Bourse on Oct. 24 after the house warned investors of a sizeable downturn in full-year profits.
WEB REPUBLIC: LVMH Moët Hennessy Louis Vuitton, one of the most active luxury groups in China, last week launched a Chinese version of its corporate Web site. The 100-page site, in simplified Chinese, presents each of its companies and brands, along with news and “magazine” sections. There are also links to LVMH sites in English for more detailed information for investors. The address is lvmh.com.cn.
This story first appeared in the November 28, 2005 issue of WWD. Subscribe Today.