Louis Vuitton Moet Hennessy

LVMH Picks Up A Share Of Hermes

Luxury conglomerate LVMH has gobbled up a piece of the desirable luxury brand Hermes. The Financial Times reported that LVMH announced that they purchased 15,016,000 shares of Hermès International, a 14.2 percent of the share capital of the company. Through various other actions the company plans to increase its share to 17.1 percent. In the announcement LVMH was very careful to state that its goal is not to take over control of the company or even sit on the Board. The announcement states that the objective of LVMH is to be a "long-term shareholder" and to"contribute to the preservation of the family and French attributes which are at the heart of the global success of this iconic brand."

Still, there is reason to be concerned, often when a company takes a piece of another company it's often a prelude to takeover. And while the share is relatively modest at this point, footholds have a tendency of growing with time. Even in this uncertain luxury climate Hermes has continued to thrive making it a hot commodity. LVMH got to be LVMH by absorbing a variety of previously family-owned businesses, there's no guarantee that Hermes might not someday be one of them.

Tags: hermes, Louis Vuitton Moet Hennessy, lvmh

Krug Champagne Recovers Unique Rolls-Royce Silver Shadow

by Noah Joseph (RSS feed) —

Filed under: Luxury Cars & Autos

All Rolls-Royces are special, to paraphrase George Orwell, but some are more special than others. Take this 1979 Rolls-Royce Silver Shadow II, for example. In 1984, Krug Champagne acquired the vehicle and had it retrofitted to the form you see here: an extended-roof panel van/shooting brake, with two seats up front and two refrigerators in the back.

Decked out in white and burgundy with Krug's crest and more chrome than a Google developers' conference, the winery – now part of the Louis Vuitton Moët Hennessy group – sold the vehicle a number of years ago, but has since relocated it and acquired it anew. The unique, one-of-a-kind Rolls will be displayed at the House of Krug in Reims, Champagne-Ardenne, France.

Gallery: 1979 Rolls-Royce Silver Shadow II Krug Champagne panel van

Tags: 1979 Rolls-Royce Silver Shadow II, 1979 Rolls-Royce Silver Shadow II Krug Champagne panel van, champagne, house of krug, krug, krug champagne, Louis Vuitton Moët Hennessy, Louis Vuitton Moet Hennessy, lvmh, rolls royce, rolls-royce, silver shadow

Will LVMH Sell Its Share Of Moet Hennessy?

by Deidre Woollard (RSS feed) —

Filed under: Spirits

News of a potential sale of the liquor division of LVMH has the luxury business world buzzing. A report in the Telegraph says that spirits giant Diageo has tendered a 12 billion euro offer for LVMH's two-thirds stake in Moet Hennessy and that Diageo has set about raising capital with bankers working behind the scenes for several weeks.

The Financial Times asserts that Diageo has not made an unsolicited offer for Moët Hennessy but might be willing to buy if both parties could agree on a price. So far the talks appear to be more theoretical than actual because LVMH hasn't decided that they are ready to sell. The potential deal brings up an interesting question, in a softening luxury market which is better to hold onto, fashion brands like Marc Jacobs, Fendi and Louis Vuitton or liquor brands like Glenmorangie whisky, Belevedere and Chopin vodka, and Veuve Clicquot?

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Tags: champagne, louis vuitton moet hennessy, LouisVuittonMoetHennessy, lvmh