French Court of Appeal decides in favour of LVMH against M.Stanley
30 Jun '06
3 min read
LVMH will ask more than €100 million for the damages which are currently subject to investigation. The court's investigation continues and will give rise to a definitive amount once completed.
LVMH stresses the worthy intentions of its actions which will help ensure in the future that certain banks such as Morgan Stanley, already condemned in the United States for similar reasons, will reconsider their moral conduct when it comes to financial analysis.
LVMH Moet Hennessy Louis Vuitton(LVMH) - The group's principal activity is to operate through the following divisions: Fashion and leather goods (Louis Vuitton, Loewe, Celine, Berluti, Givenchy Couture, Christian Lacroix Couture, Kenzo Mode, Fred Joaillier); Selective distribution (DFS, Sephora and Le Bon Marche); Wine and Spirits (Moet & Chandon, Mercier, Ruinart, Veuve Clicquot Ponsardin, Canard-Duchene, Pommery, Krug, Hennessy, Hine, Pellisson); Perfumes and cosmetics (Parfums Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo) and Watches & Jewellery (Tag Heuer, Ebel, Zenith, Chaumet, Benedom and Fred).
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