accused Hermes Louis Vuitton parents historical fraud: report

Paris: Hermes handbag and scarf machine selection accused luxury conglomerate LVMH for the implementation of the "biggest fraud in the history of the French stock exchange" in a court filing, said in a local newspaper today.Miu Miu bag The two companies have been locked in a bitter feud as LVMH, owner of Louis Vuitton and dozens of other luxury brands, revealed that he had secretly built a dominant stake of 17 percent in the family Hermes. LVMH, headed by Bernard Arnault tycoon, later built this up to 22.6 percent, prompting Hermes cry foul and accuse Mr. Arnault Hermes secretly trying to add to his stable of brands. In his trial before a French court of commerce, Hermes, LVMH accused of using highly complex financial instruments by top French banks, which enables him to his French regulators have set spending spree hide. Hermes demands that LVMH sell the shares of three banks - Societe Generale, Natixis and Crédit Agricole - which themselves are accused before a court to act as de facto fronts for the alleged takeover attempt. The Battle of the courtroom is the latest in a flurry of lawsuits launched against Hermes LVMH, louis vuitton bags for menwhose spokesman said the French newspaper that the allegations were unfounded and Hermes a big part of the campaign of defamation.