By  on November 3, 2010

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.

This story first appeared in the November 3, 2010 issue of WWD. Subscribe Today.

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