Monday, May 20, 2013

Stock Markets News Headlines - Yahoo! News

Stock Markets News Headlines - Yahoo! News
French probe finds LVMH built up Hermes stake in secret - paper
PARIS (Reuters) - The French stock market authority has found LVMH secretly bought shares in rival Hermes to build a stake, and not merely make a financial investment as the luxury group has claimed, a newspaper reported. LVMH said it would fight the findings of the watchdog's probe before its sanctions committee when it meets on May 31 to hear the company's defence. Hermes was not immediately available for comment. LVMH, which owns 22. ...


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