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Dumas

October 25, 2010

LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury goods group which is controlled by the Arnault family, announced 23 October that it has taken a €1.45 billion share in fellow family company Hermes International.

LVMH Moet Hennessy Louis Vuitton, the world's largest luxury goods group which is controlled by the Arnault family, announced 23 October that it has taken a €1.45 billion share in fellow family company Hermes International.

LVMH, which owns brands such as Dom Perignon, TAG Heuer and Marc Jacobs, purchased 14.2% of luxury company Hermes and also plans to convert derivatives LVMH holds in Hermes into shares, giving it a total of 17.1% of Hermes capital.

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