Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.
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.