LVMH files actions
Thursday 10 June 1999
LVMH - MOET Hennessy Louis Vuitton -, the French luxury goods group, is filing two separate legal actions against Gucci and Pinault-Printemps- Redoute in Amsterdam, reigniting its battle for control of the Italian fashion company. LVMH is taking its case to the Amsterdam District Court, seeking to annul an alliance that gives Pinault 42 per cent of Gucci. It also is appealing to the Dutch Supreme Court to overturn the Enterprise Chamber of the Amsterdam Court of Appeals decision in May to uphold the alliance. "We think the decision was wrong," said James Lieber, LVMH senior vice-president.
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