As was widely Hermes bags last week, luxury giant LVMH now owns over 17% of competitor Hermes, and although the company has publicly stated that it has no plans to acquire more shares of the Hermes bags family-owned company in the next six months, luxury watchers remain atwitter over what the future may hold for two of the world’s largest names in handbags after that time period expires.
Now that more of the Hermes bags behind LVMH’s share purchases has emerged, Women’s Wear Dailyreports that the company used a number of stealth maneuvers, including cash-settle equity swaps and use of several cannily named LVMH subsidiaries, to increase its stake in Hermes by over 14% without identifying itself as a competitor to Hermes brass.
Seemingly adding insult to injury, LVMH notified Hermes of these Hermes bags only hours before releasing the information to the general public. So not only did Hermes not knowingly sell the shares to LVMH, but LVMH execs also seemed to be well aware that the family wouldn’t have sold, if Hermes bags all the pertinent information.
You can also get a set of this collection for the upcoming Valentine Day or as a reward for your hard work this year, right? So it’s time to get your savings ready for these adorable wholesale handbags. You can also get the wholesale from China as the Valentine Day gift.
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