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Hermès and LVMH tiff isn’t going anywhere Add to ...

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The handbag wars are growing nastier by the day. The story so far: French luxury goods group LVMH has built up a 22 per cent stake in rival Hermès, which is unhappy with the stakebuilding and has complained about the way in which most of it was disclosed in 2010. Cue a potential €10-million ($13.5-million) fine for LVMH from the French regulator and lawsuits and rancour on both sides.

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