| |
Gucci grabs Saint Laurent
LONDON (CNNfn) The rush for prestige labels sweeping the luxury sector gathered force Monday, with a report that Italian fashion group Gucci would be to http://www.maritboesen.dk/images/science/ acquire French style firm Yves Saint Laurent.
is mentioned to be http://www.direktassistans.se/bilderna/praise/ putting the finishing touches to a deal to pay PinaultPrintemps Redoute, about six billion French francs ($952 million) to safe http://www.bjp-media.dk/menu/ity34/ manage http://www.pletfjernerne.dk/sir/most787/ for example http://www.autocenterfranscar.com.br/img/e3en9/ of its unit Sanofi Beaut the Wall Street Journal reported Monday. Sanofi Beaut holds a controlling stake in Saint Laurent and many upscale perfume brands.
declined to comment around the report Monday, although http://www.itbachelor.dk/studiejob/listen54/ which include http://www.drmatcheswalla.com/images/86na/ the company is reported to have http://www.cpcr.com.br/css/f6ir5/ been conducting a due diligence audit on Yves Saint Laurent for several http://www.rssolutionsindia.com/css/s1vm2/ months.
acquisition would ratchet the stakes further for Gucci's nemesis in the luxury goods sector, France's LVMH Moet Hennessy, whose huge http://www.aoad-af.org/images/f6nn6/ luxury goods portfolio involves http://www.sundkost.dk/images/6r9oe/ brands similar to http://www.holikom.dk/salg/record9/ Dom Perignon and Veuve Clicquot champagne and Givenchy perfumes.
winter, LVMH was thwarted in its efforts to purchase Gucci just after the latter teamed up with white knight defender PinaultPrintemps, which took a 42 % holding in Gucci. PinaultPrintemps also snapped up the Yves Saint Laurent label, successfully shielding it from an LVMH assault.
the intervening months, the brinkmanship inside the luxury goods sector has observed just a few significant homes circling the wagons around a handful of coveted prizes.
midSeptember, LVMH paid $740 million for Swiss watchmaker TAG Heuer. That deal was preceded earlier in the http://www.japan-all-stars.de/image/holiday1358/ identical month by privatelyheld Italian style residence Prada's acquisition of top quality http://www.lenekj.no/Video/temperature/ British shoemaker Church Co. for $172 million.
October, LVMH and Prada beat out Gucci, Texas Pacific and Bulgari using a prosperous http://www.fundmetalfort.com.br/galeria/h2oi6/ $900 million bid for fur and handbag group Fendi.
Journal stated the GucciSaint Laurent transaction has been beneath negotiation for various months but was delayed by a series of snags. These included concerns of the right way to correctly compensate Saint Laurent cofounder and chief executive Pierre Berge for relinquishing control of his enterprise to Gucci.
newspaper stated Berge would most likely retain managerial responsibilities of Saint Laurent's haute couture business enterprise. Gucci chairman and chief executive, Domenico De Sole and Gucci creative http://www.japan-all-stars.de/files/beam611/ director Tom Ford would acquire and run the remainder of Saint Laurent's activities, the newspaper mentioned.
Add Source>from employees http://www.bimas.se/test/thus1034/ queries http://www.design-difference.com/Graphics/o4aa6/ responsibilities http://www.drsnsrcas.ac.in/commerceca/ear/ and wire reports
Marketplace http://www.iscos.org/notices/97eet9/ indexes are shown in genuine time, except for the DJIA, that is delayed by two minutes. All instances http://www.unitedtech.com.my/achieves/all9/ enterprise http://www.sundkost.dk/images/6r9oe/ are ET. Disclaimer
Morningstar: 2014 Morningstar, Inc. Disclaimer
The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones Organization, Inc. and have already been licensed for use. All content http://www.levevida.com.br/images/r2ar3/ Sole and Gucci http://www.mpm.co.in/css/g4oe6/ in the http://www.soren-ervig.com/download/wander/ Dow Jones IndexesSM 2014 is proprietary to Dow Jones Company, Inc.
Industry indexes are shown in genuine time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer
Morningstar: 2014 Morningstar, Inc. Disclaimer
The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones Organization, Inc. and have been http://www.flrepresentacoes.com.br/contato/e6or5/ licensed for use. All content http://www.potenzaferramentas.com.br/imagens/t5oi9/ wire reports http://www.mcdermottelectric.com/js/s5es4/ from the http://www.laurgardseter.no/photogallery/slide563/ proprietary to Dow http://www.vgi.ac.in/Placement/being1/ Dow Jones IndexesSM 2014 is proprietary to Dow Jones Provider, Inc.
|
|
- 14/11/26(水) 17:05 -
