The final verdict is not yet in on whether or not LVMH came into its 22.6% Hermès stake using secretive, illegal methods in an attempt to take over the competing French luxury brand. However, AMF, the French market authority that has been investigating the case, has proposed its recommended sentence.
In case you couldn’t tell, LVMH is not exactly over the moon about the lawsuit being brought against it by Hermes, or the investigation launched by French market authority AMF into how it became a major shareholder in the French luxury brand.
Not much has come of the case yet aside from both sides launching accusations at one another, until today.
SNL has this new skit where relatively brain dead former porn stars hilariously try to shill luxury goods they can’t pronounce.
Saturday night, they (and Ben Affleck as “Girth Brooks”) took on Hermès. Or is it herpes?
A new investigative report reveals some juicy new details on the methods through which LVMH came into its 22.6% stake in Hermes. And those details don’t exactly support Bernard Arnault’s recent claims that LVMH came into those shares “unexpectedly.”
LVMH and Hermès are in the midst of an ugly legal battle over LVMH’s apparent relentless pursuit of Hermès and the potentially unlawful ways in which the luxury conglomerate came into 22.6% of the heritage brand.
While LVMH’s investments have been described as a gradual hostile takeover, Bernard Arnault now insists that is not the case. In fact, it wasn’t even on purpose!
A perfume has to be an obvious extension of a designer’s aesthetic, and sometimes the bottles and packaging look amazingly similar to looks that have gone down the runway. Don’t believe us? Here are 10 new perfumes and their twins from the runway.
I test out a lot of fragrances, but only a few find their way into my refrigerator. (Sidebar: One time one of the perfumers from Le Labo, who happens to be very cute and charismatic, told me I should store all my perfumes in the fridge and I’ve done it ever since. It’s next to the yogurt.)
Jour d’Hermès has a place of honor there now.
That Claudia Schiffer made any missteps throughout her illustrious (and still going strong) modeling career is hard to believe. The blue-eyed blonde has been the face of everything from Chanel to Guess (twice), covered Vogue innumerable times and was even immortalized in Zoolander.
However, even supermodels who look like Brigitte Bardot suffer from regrets and missed opportunities, like, you know not getting an Hermès bag named after you.
You may know Francesca Eastwood best as the daughter of Clint Eastwood, the star of short-lived reality show Mrs. Eastwood & Company (more on that later), or the girlfriend of Birkin-destroying photographer Tyler Shields. This week, however, she’s Miss Golden Globe.
Looks like fashion and luxury CEOs have room for improvement in 2013.
The Harvard Business Review just released its list ranking the 100 best-performing CEOs–and only a paltry three fashion and luxury CEOs made the cut.
Comme des Garçons’ Rei Kawakubo has created two scarf collections for the heritage brand, WWD is reporting. Though, whether Hermes’ signature scarf will even look like a scarf once Kawakubo is done with it remains to be seen.
All the glamour of the Paris shows. All the comfort of your sweat pants.
