LVMH, Hermes call truce in battle for luxury brands
The agreement ends for five years at least any ambition by LVMH, with vast interests from champagne to luggage, to embrace Hermes, known for silk scarves and high-fashion handbags.
Psy's agency gets $60 mn boost from French giant LVMH
Under the deal with YG Entertainment, L Capital Asia, the investment fund arm of the LVMH Group -- known for its luxury brand Louis Vuitton -- will buy YG's new preferred shares worth 61 billion won ($59.6 million), YG said in a regulatory filing