PARIS (Reuters) - LVMH, the world's largest luxury group, said on Tuesday the terms of its entry into the capital of smaller peer Hermes were "perfectly regular" and that it would file a counter complaint against Hermes.
LVMH said in the statement that it planned to file a complaint for "blackmail, slander, and illegal competition."
Earlier on Tuesday, Hermes said it had filed a complaint on July 10 against LVMH over LVMH's building of a stake of over 20 percent in Hermes. (Read about Hermes complaint http://in.reuters.com/article/2012/09/04/hermes-lvmh-stake-idINDEE88306B20120904)
(Reporting by Dominique Vidalon; Editing by Elena Berton)