Hermes accuses Louis Vuitton parent of historic fraud: report

Is this the world’s most stylish zoo? Creatures crafted out of Louis Vuitton handbags on display in Chinese megastore

Lovely lizard: This colourful anole made from Louis Vuitton belts is quite a sight

The two companies have been locked in a bitter feud ever since LVMH, which owns Louis Vuitton and dozens of other luxury brands, revealed that it had secretly built up a 17 per cent stake in the family-dominated Hermes. LVMH, led by tycoon Bernard Arnault, later built this holding up to 22.6 per cent prompting Hermes to cry foul and accuse Mr Arnault of surreptitiously trying to add Hermes to his large stable of brands. In its accusation at a French business court, Hermes accuses LVMH of using highly complex financial instruments set up by top French banks that enabled it to conceal its buying spree from French regulators. Hermes demands that LVMH sell back the stock to the three banks — Societe Generale, Natixis and Credit Agricole — which are themselves accused in court of acting as de-facto fronts for the alleged takeover attempt. The courtroom battle is the latest in a barrage of legal proceedings launched by Hermes against LVMH, whose spokesman told the French newspaper that the accusations by Hermes were unfounded and part of wider slander campaign. Story first published on: June 19, 2013 18:38 (IST)

Coach hires Stuart Vevers as creative director despite Mulberry and Marc Jacobs rumours

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Heading up design at the Spanish handbag brand (owned by Louis Vuitton parent company LVMH) since 2008, Stuart Vevers may not be a household name, but his CV sure still carries some clout. Prior to Loewe, the designer was Creative Director at Mulberry from 2005 to 2008, winning the British Fashion Council’s Accessory Designer of the Year in 2006. Impressed? Vevers also counts time at Calvin Klein, Bottega Veneta, Givenchy and Louis Vuitton among his previous roles, while his experience in the luxury market holds him as one of the industry’s most prominent creative leaders. Taking over at Coach next year when Reed Krakoff steps down to focus on his own eponymous brand, Vevers will focus on handbags of course, but will also be helping the leather label expand its shoes and fashion line (rumour has it), to keep up with the likes of Michael Kors and Kate Spade. All very exciting isn’t it! What do you think of Coach’s new creative head? Excited to see what he does?

Bag a bargain! Hermès, Chanel and Louis Vuitton among 84 designer handbags up for online-only auction from 2pm TODAY

Top seller: Lot 33, the 2011 35cm amethyst matte crocodile Birkin bag has a whopping final sale estimate of up to £28,000

The auction house have said they expect the entire auction total to raise in the region of 400,000. The handbags feature among an enticing collection of 102 exquisite items, including a variety of day wear, larger luggage, jewellery and limited edition pieces by iconic labels including Chanel and Louis Vuitton. Bidding opens today and will run for 10 days providing opportunities for those around the world to land some of the most sought-after designs ever created, with some dating back to the 1950s. One Direction polish off the bullies! Boy band launch varnish and stationery range to fight bullying in schools Highlights include 40 classic Birkin and Kelly bags covering a spectrum of bright spectacular colours to brighten up summer wardrobes and a stunning selection of exotic leathers.

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Creatures crafted out of Louis Vuitton handbags on display in Chinese megastore The French fashion giant has opened a special ‘zoo’ Located at flagship store in the central Chinese city of Wuhan The zoo houses a total of 23 animals The panda took more than 2 months and 74 Louis Vuitton bags to complete PUBLISHED: 08:14 EST, 31 May 2013 | UPDATED: 09:22 EST, 31 May 2013 130 shares Fashion is all about creativity and luxury label Louis Vuitton get top marks for innovation and all-round fun for their latest stylish project. The French fashion giant has opened a special ‘zoo’ – featuring animals made out of their iconic handbags. The zoo was crafted to celebrate the opening of the brand’s new flagship store in the central Chinese city of Wuhan. Stylish creatures: Animals have been made out of handbags at the new Louis Vuitton store ‘zoo’, in Wuhan, China A bug’s life: This cricket made from Louis Vuitton handbags is one of 23 animals that have been designed The zoo houses a total of 23 animals, including a giant panda, a cricket, an armadillo and a beaver, all located in the atrium of Wuhan International Plaza.

Hermes brand Louis Vuitton fraud ‘most important in history of French stocks’

Don’t worry, we’ve summarised the full details for you here , but basically Hermes has accused Louis Vuitton’s parent company of illegally trying to amass a majority stake in its shareholdings. As the case continued to play out in a French court this week, Hermes reportedly accused LVMH of committing the “most important fraud in the history of the French stock market.” It’s a heavy claim and Hermes representatives have shown no sign of wavering under the power of their words, but despite the severity of the accusations, LVMH is still claiming total innocence. In fact, a spokesperson has Louis Vuitton Purses gone so far as to tell French newspapers that Hermes’ claims should be dismissed entirely, and considered a part of a wider slander campaign. Eeish. You can’t get more of an ‘it wasn’t me’ than that. What do you think?

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