LVMH v. Gucci
This article was originally published in The Rose Sheet
Executive Summary
Dutch Securities Board grants approval to LVMH, Pinault-Pritemps-Redoute and Gucci to move forward with agreement to settle series of lawsuits filed in Amsterdam courts regarding Gucci's partnership with parent PPR. Settlement will provide minority-owner LVMH with significant capital gain while giving PPR 53.2% majority ownership (1"The Rose Sheet" Sept. 17, p. 5)