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LVMH further increases his stake in Hermes to 20,12 %

LVMH (owner of Louis Vuitton, Dior, Moet Chandon etc) said Tuesday that it has built its stake in the capital of French luxury goods company Hermes International to 20.21% from the previously disclosed 17.1% and said it could make more acquisitions as market circumstances allow, thus turning up the heat in its disputed attempt to build a bigger stake in family controlled Hermes.

Hermes declined to comment on this latest LVMH shot in its battle to remain independent of the big diversified luxury products group controlled by French billionaire Bernard Arnault.

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