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LVMH to file counter complaint against Hermes

Source : REUTERS
Last Updated: Tue, Sep 04, 2012 15:44 hrs

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)

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