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LVMH Looking to Buy More Hermes Shares

>> Although LVMH continues to reiterate that it has no intention of taking control of Hermes or making a public offer on the brand in the next six months (who knows after that), the luxury conglomerate — which has already acquired 17.1 percent of the house for about $2 billion — informed the French market authority today that it plans to continue to buy Hermes shares, depending on market conditions. [WWD]

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