LVMH Becomes Shareholder of Hermes

LVMH Moët Hennessy Louis Vuitton announced October 23 that it
now holds 14.2 percent of the shares capital of Hermès International.

The company plans to be a long-term shareholder of Hermès.,
but stated it has no intention of launching a tender offer, taking control of
Hermès or seeking board representation. 

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