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LVMH Guilty Of "Wrongdoing" In Hermes Acquisition

| Filed under: Legal MattersBusiness BlitzLVMHHermes

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So they were guilty after all!

Hermes scored a small victory this week in their ongoing legal battle royal with LVMH .

After requesting an inquiry into how LVMH acquired their 22.3% stake in the company, the French market watchdog Autorite des Marches Financiers concluded the mega-luxury brand was guilty of "wrongdoing".

The specifics were not released, but AMF chairman, Gérard Rameix, did say a committee will examine the findings to decide how to deal with LVMH, which may include financial penalties.

A French court also asked AMF's opinion on LVMH's counter-suit that accuses Hermes of blackmail, slander and illegal competition.

Until the two meet again, we’re sure their high-priced attorneys will continue to do battle.

This is certainly getting very inneresting!

[Image via Retna LTD.]

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Hermes Demands LVMH Be Investigated For Insider Trading!

| Filed under: Legal MattersFrancophiliaBusiness BlitzLVMHBulgariLouis VuittonHermes

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Sneaky sneaky!

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

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Kanye & Kim Want To Start Their Own Shoe Line!

kim kardashian kanye west want to start footwear line

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

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John Galliano May Be Getting Ready For An El Lay Lifestyle!

| Filed under: Fashion SmashionLVMHChristian DiorJohn Galliano

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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.]

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Sold! Valentino Purchased By Qatar Royal Family For Millions!

| Filed under: Business BlitzLVMHValentinoLouis VuittonMissoniHugo Boss

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It's official!

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.

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