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Louis Vuitton executives denied that intended to collapse hermes

LVMH Moet Hennessy Louis Vuitton SA of France on Monday, Vice Chairman Pierre Gode luxury handbags and scarves maker Hermes International SCA has made a fight back the criticism, saying it did not seek the collapse of Hermes Group, but is seeking cooperation.

Gode ​​today Hermes Group shareholders meeting in Paris, said: "We are continuing with the Hermes Group seek a constructive dialogue." He said, Louis Vuitton Outlet did not seek destruction of the Hermes Group stability.

Hermes Group, the family holding company earlier in the day, President Bertrand Puech said in an interview, Louis Vuitton has been since last October to the proportion of shares held by Hermes Group holdings to 20.2%. He criticized that Louis Vuitton has been trying to "shake" Hermes Group, the family shareholders, employees and suppliers.

Goad said that while Louis Vuitton Hermes Group's investment of "peaceful", but the company does not as a passive shareholder, reiterated the Chairman and CEO Louis Vuitton - Bernard Arnault in remarks published earlier this year. Goad said, Louis Vuitton and Hermes Group has already done for the exchange of ideas.

Godwin said: "We knew from the beginning is not possible Hermes Holding Group because the group's family shareholders own 70% of the company say. Our only goal is to have recognized the potential of a long-term investments in companies , but the goal remains the future. "Puech in today reiterated Hermes Group, the founding members of the family plans to retain control of the group. Hermes CEO Patrick Thomas said that this year the group will be able to achieve "good" sales growth, but the speed will be slower than 2010.

Puech interview in February, said Louis Vuitton Hermes Group hopes to cut its stake for more than half of these shares on the open market transactions. He also said that even if no holdings of shares in Louis Vuitton, Hermes Group's operations will not be any change.

Source from: http://www.buychicbags.com/Louis-Vuitton-executives-denied-that-intended-to-collapse-hermes