October 23,, all of the earthquake luxury goods group that hold Hermes Picotin LVMH international 14.22% stock shares, share in two days later and the rise of 17.07%. It was in the fashionable circle into a “heavy bomb”.
Ten days later, MaShi love the fifth generation successor Emily, love family MaShi President of Mr Bertrand Puech (Hermes Plume group of office only shareholders) and group chief executive Patrick Thomas sir accepted France’s Le Figaro newspaper Le Figaro “interview, that made positive response:
In the LVMH MaShi shareholder after love, your reaction??? What???
P.T. : that’s amazing! We didn’t ask him to do so. Not as claims that, no sign indicate investment fund, luxury goods company or China group trying to buy the shares MaShi love.
B.P. : surprising or unpleasant. 9:45 morning when I on the train, I received a phone call Mr Arnault, at noon he issued a public announcement.
He say to you?
B.P. : he told I can buy and sell shares, he has bought 14.2% of the shares and will continue to increase his shares, but he does not require the board seats.
You meet?
B.P. : yes, after Monday. This is a polite, honest meet.
P.T. : we don’t think the move is a friendly.
How do you are ready to work together with him, and now he has become the largest individual shareholder you?
P.T. : the fact is we have 17% stockholder of does not change our family culture or way to work. And Mr Arnault think differently, Hermes family don’t need help, financial support or monitoring. In addition, if we observe 1993 the stock in Paris stock exchange listing the performance after, LVMH in the net profit growth was 7.6%, and the Hermes is 14.7%. In the securities market, the stock price of the LVMH turn over six times, Hermes stock is turned over 35 times. Hermes Wallets group operating well, our equity is protected……
Do you think this is 17% of the shares bought the trick is to comply with the laws and regulations?
P.T. : we put forward a lot of doubt yourself. Some of the exchange statute is to protect minority shareholders and exist. When a group through the financial products have the ability to have 17% of shares, namely the flow of the two thirds shares, and do not notice in advance, we shall not don’t question. Hermes group can do only one thing, that is the belief that the French securities regulators will have to make evaluation, whether to conform to the French law.
You think of Hermes Arnault want to do?
P.T. : Mr Arnault never hide his MaShi interest for love, but Hermes is not only a enterprise, a Hermes Handbags brand, it is a WoRang, where each season will emerge creative flowers. It’s a great inheritance, handicraft culture, with respect to the traditional raw materials, and produced the complex chemistry. This kind of culture and any one large group of culture is hard to compatible. This is not a financial of war, it is a enterprise culture war. Obviously, we can make Hermes earnings in the next five years doubled, but such words, Hermes will be slowly died.
B.P. : we are craftswoman, our goal is to make the world’s best products, we pay attention to not costly but quality.
If you worry about LVMH will further acquisition more shares, even have control of?
P.T. : it is very likely that they will continue to purchase our shares, but Hermes family will unite, resolutely through the limited partners keep control system, create this kind of equity structure in the face of the accident is to protect MaShi love family, as do now, but also to protect six generations of Hermes established culture.
Hermes family heir also has how many shares?
P.T. : in a recent shareholder meeting in May, they have 73%. The Numbers are often some slight change, because someone selling shares will have other people to buy them.
Recently, someone to sell their shares?
B.P. : not many, if someone sell shares to Mr Arnault, it must be indirectly, unknowingly sold.
When the stock market prices reached a historic high, some successor would be tempted to sell their shares?
B.P. : no. Selling shares to investment? We all know that Hermes is the best. In just listed, Hermes stock value only 5 euros, last week, it has reached 200 euros.
Whether you and shareholders have the agreement?
B.P. : we have a series of agreement. We are the best defense is our limited the partnership. Even if only a family shareholders, he can also keep control.
3.COACH 70 anniversary image ambassador
Gwyneth paltrow, COACH joy announced as we will be the 70th anniversary of the image spokesperson of international marketing activities. Paltrow is Oscar winner, singer and writer is timely idols, she will be the 2011 autumn and spring 2012 fashion advertising activity star. These photos are the whole plane, digital and outdoor advertising part of the promotion, will be in a selection of European and Asian market exclusive launch.
A lady with the noble fashion Madison series debut, including Chevron Quilted Lindsey and Madison Caroline two fashionable handbags. The famous fashion photographer Peter Lindbergh for its photography. The photos taken in emperor tuo City (Tudor City) roof, it is the world’s first comprehensive residential skyscrapers, this group of advertising will appear in the international fashion publication of the autumn of the issue.zhengyiqiong/Jan.blog
LVMH becomes Hermes shareholder,meeting of the two heros big reveal the inside
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