LVMH v. Gucci
This article was originally published in The Rose Sheet
Executive Summary
Dutch Supreme Court refers LVMH case against Gucci and Pinault Printemps Redoute back to Enterprise Chamber of the Amsterdam Court of Appeals in Sept. 27 ruling. LVMH sought an appeal in Dutch Supreme Court following Amsterdam court's May 27, 1999 rejection of its case against Gucci's merger with the luxury goods competitor (1"The Rose Sheet" June 14, 1999, In Brief). In its filing, LVMH alleges PPR acquired 42% of Gucci without shareholder approval, a contention PPR and Gucci contest. LVMH is a major Gucci shareholder, owning approximately 34% of capital. LVMH plans to refile its case with the Enterprise Chamber for a "full investigation of Gucci's mismanagement" and other "appropriate measures"