LVMH and Hermes Reach Settlement

LVMH Moet Hennessy Louis Vuitton and Hermes surprised the luxury goods industry when they reached an unexpected settlement in a long-running battle on September 3. The two companies had been locked in a four-year legal “handbag war.” LVMH, the world’s leading luxury group, agreed to relinquish most of its 23.2 percent stake in Hermes and […]