Last month, Hermes filed a complaint with a Paris court asking them to investigate LVMH for insider trading and stock manipulation.
The request is the latest in the ongoing battle
Of course they do!
Kim Kardashian and Kanye West have officially taken the next step in their relationship. They're in talks with Salma Hayek's hubby, François-Henri Pinault, to help invest in their new footwear collection.
They were seen
Is John Galliano about that El Lay life?!?
The ex-Christian Dior designer was spotted getting some grub at Sunset Tower's Tower Bar restaurant in West Hollywood last month with LVMH executive Katherine Ross.
Sounds harmless right? Everybody's gotta eat. Nerp!
Because the next day, Johnny Boy and his partner Alexis Roche, were hanging out with some friends and mentioned they're looking for an El Lay apartment to call home.
If John does pack up his things and move to the Hills of Beverly or Hollywood, we hope he can resist temptation. We'd hate to see his stint at The Meadows go to waste!
[Image via Lia Toby/WENN.]
As expected, Valentino Fashion Group SpA has been acquired by Mayhoola for Investments, which is controlled by the royal family of Qatar, for roughly $858 million.
As with most big business deals, there are several groups involved.
Ooh la la!
French fashion house Louis Vuitton, was crowned the world's most valuable luxury brand for the seventh consecutive year!
According to Millward Brown Optimor's BrandZ study, the LVMH Moet Hennessy Louis Vuitton-owned label's worth increased 7% since 2011 to $25.9 billion.
It's so hard to stay on top, unless you're Louis Vuitton!
[Image via Robert Wallace/WENN.]
Jacques Levy, the former president and CEO of Sephora, has passed away.
Levy, who also used to work at the LVMH Moët Hennessy, Louis Vuitton-owned perfumery chain, died on January 1st after a long illness at the age of 62.
Good news for Robert Duffy!
The president of Marc Jacobs has revolved the sexual harassment suit brought on by the company's ex-COO Patrice Lataillade.
In case you forgot, Lataillade said he was fired last September after complaining about Duffy's sexual misconduct in the workplace, which included naked photo shoots and pole dancing.
LVMH denied the COO's claims and promised to vigorously defend the case in court, but it looks like that won't be necessary now.
As of last week the case was officially closed with a rep for LVMH saying the lawsuit was "resolved to the satisfaction of both parties".
[Image via AP Images.]