Louis Vuitton Malletier Drops its Share of Le Tanneur

PARIS – Louis Vuitton Malletier, the fashion and leather goods brand owned by LVMH Moët Hennessy Louis Vuitton, has shed its stake in French leather goods business Le Tanneur.A spokeswoman for Louis Vuitton confirmed the sale of 375,000 Le Tanneur shares for 3.9 million euros, or $5.4 million at current exchange, late last month to investors that included Le Tanneur president Herve Descottes.For complete coverage see tomorrow’s issue of WWD.