Hermes birkin Replica to open a probe into suspected insider trading and share manipulation by the largest rival LVMH smoldering long.
LVMH, which owns 22.3 percent of Hermes and 16 per cent of the voting rights, retaliate, saying it planned to file a complaint for "blackmail, defamation and unlawful competition" and repeating his initial stakebuilding were " perfectly normal. "LVMH, headed by billionaire businessman Bernard Arnault, has gradually increased its stake in Hermes, a manufacturer of scarves and leather bags 10,000 euros, because he surprised the market in 2010 saying he had made up a 17 per cent.The prosecutor's office said that following a complaint by Hermes July, he asked the opinion of the French stock market watchdog AMF before deciding if there is a case of a criminal investigation possible, said a spokesman for the Paris prosecutor's office.Hermes said in a brief statement that he had filed his complaint on July 10 over the accumulation of a stake of more than 20 percent of LVMH. A spokeswoman said it was the "logical consequence" of stakebuilding, but had no further comment.LVMH, which has always claimed that the shareholding was friendly, has acquired the shares of Hermes through a series of cash-equity swaps. They do not result in tax threshold of participation and their use has been studied by the AMF in a probe launched in November 2010.Analysts questioned why Hermes waited so long to file the complaint against LVMH."We did not think they were really buried the hatchet, but what is surprising is the timing of the complaint Hermes. Said an industry analyst why now? "That it was" difficult to draw any conclusions until we have the results of the probe AMF "addedThe AMF has refused to comment on the status of the probe or on the complaint filed by Hermes.LVMH said it was awaiting the outcome of the probe with the AMF "total serenity" and argued Hermes tried to circumvent the police scholarship without waiting for the outcome of the AMF.Hermes family shareholders reacted to stakebuilding creating a family holding company majority that could protect society against the threat of a recovery.Hermes shares closed 1 percent to 227.9 euros PA and LVMH shares fell 1.7% to 127.8 euros.
