Core Viewpoint - The article expresses optimism about Prada S.p.A. due to its strong brand portfolio, including Miu Miu and Versace, and its attractive valuation [1] Group 1: Company Analysis - Prada S.p.A. is highlighted for its potential as a value investment, focusing on identifying undervalued stocks with growth potential [1] - The company benefits from a diverse brand portfolio, which includes luxury brands that appeal to a wide range of consumers [1] Group 2: Market Context - The analysis is positioned within the broader financial market, indicating a favorable environment for value investors [1]

Core Viewpoint - LVMH Moët Hennessy Louis Vuitton has responded to allegations regarding the unlawful acquisition of shares in Hermès International, asserting that the claims are baseless and part of a coordinated media campaign [1][2][4]. Group 1: Allegations and Legal Actions - Nicolas Puech, a fifth-generation heir of the Hermès family, is pursuing a civil suit against LVMH's chairman Bernard Arnault and his holding companies, claiming billions in damages [1]. - LVMH has threatened legal action to defend itself against what it describes as unfounded allegations and a coordinated media campaign [2][4]. - The accusations are linked to LVMH's acquisition of a significant stake in Hermès in 2010 through cash-settled equity swaps, which led to a legal battle that was settled in 2014 [3]. Group 2: LVMH's Position - LVMH has firmly stated that it has never diverted shares of Hermès and does not hold any hidden shares, countering Puech's claims [5]. - The company emphasizes its history of refraining from public controversy and legal disputes, despite facing criticism from detractors [4]. - LVMH reserves the right to take necessary actions to assert its rights in this matter [5]. Group 3: Background on Puech - Puech, as the largest family shareholder, was central to the LVMH-Hermès conflict, having refused to lock up shares with other family members to protect against a potential takeover [6]. - Puech claims he was unaware that his former wealth manager sold his shares, which constituted 5.8% of Hermès' capital, without his consent [6].

Core Viewpoint - Nicolas Puech, a former billionaire and Hermès heir, is suing LVMH and its founder Bernard Arnault, claiming his wealth manager sold his shares in Hermès without his knowledge, which are now valued at over $16 billion [1][2]. Group 1: Lawsuit Details - Puech has filed a lawsuit against his former wealth manager Eric Freymond, Bernard Arnault, LVMH, and associated holding companies, alleging that Freymond sold his shares without consent when LVMH began acquiring a stake in Hermès over a decade ago [2]. - The lawsuit estimates the value of Puech's lost Hermès shares at approximately 14 billion euros, or around $16.3 billion [2]. Group 2: Background Information - Bernard Arnault has transformed LVMH into a leading luxury conglomerate by acquiring various companies, including Sephora in 1997 and Tiffany & Co. in 2021 for $15.8 billion [4]. - In 2010, Arnault disclosed that he had acquired a 23% stake in Hermès, leading to a dispute that was settled in 2014, where Arnault agreed to distribute LVMH's stake to shareholders while retaining an 8.5% stake [4].

Hermès Heir Reportedly Sues Bernard Arnault And LVMH, Alleging $16 Billion Worth Of Hermès Shares Sold Without His Knowledgehttps://t.co/Vz5IpFTHxX https://t.co/w0OfQBeQ2n ...

French luxury group LVMH has appointed Pietro Beccari, currently chairman and CEO of Louis Vuitton, as CEO of LVMH Fashion Group. The division brings together several of the French conglomerate’s key fashion houses including Louis Vuitton, Dior, Celine and Loewe. Beccari will take over from Sidney Toledano, who has led the group’s fashion activities for more than three decades. Beccari will assume the new role while remaining chairman and CEO of Louis Vuitton. The handover is scheduled to take effect o ...

Core Points - Kering's Board of Directors approved an interim dividend of €1.25 per share for the 2025 financial year [3] - The interim dividend will be paid on January 15, 2026, with the ex-dividend date set for January 13, 2026 [3] - The final dividend amount for the 2025 financial year will be proposed on February 9, 2026, and approved at the Annual General Meeting on May 28, 2026 [4] - Kering aims to maintain a coherent payout ratio over time, reflecting a disciplined approach to capital allocation in support of long-term value creation [5] - Kering is a global luxury group with a focus on creative houses, employing 47,000 people and generating €17.2 billion in revenue in 2024 [6]

Hermes heir Nicolas Puech has sued Bernard Arnault and his LVMH luxury conglomerate, among other parties, in a civil case related to Puech's claim that he was deprived of Hermes shares now worth billi... ...

MILAN — The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375 billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal.The highly anticipated deal is expected to relaunch Versace’s fortunes, after middling post-pandemic performance as part of the US luxury group Capri Holdings.Prada said in a one-line statement that the acquisition had been completed after receiving all regulat ...

Core Insights - The Prada Group has officially acquired the Versace brand, with the acquisition closing on December 2, coinciding with Gianni Versace's birthday [1] - The acquisition received all necessary regulatory approvals, including the European Commission's clearance in September [1] - The enterprise value of the acquisition from Capri Holdings was reported at 1.25 billion euros [3] Company Leadership - Lorenzo Bertelli, head of CSR at Prada Group and son of Patrizio Bertelli and Miuccia Prada, is expected to become the executive chairman of Versace [2] - Prada Group also owns other brands including Miu Miu, Car Shoe, and Church's [2] Brand Management - Donatella Versace stepped down from her role as creative director after nearly 30 years, with Dario Vitale succeeding her and debuting a new collection in September [4] - Vitale's collection received positive reviews for its vibrant designs that honor Gianni Versace's legacy [4] Strategic Rationale - Lorenzo Bertelli emphasized that Versace's distinct aesthetic from Prada's existing brands is a strength, allowing the group to reach new audiences [5] - The acquisition is seen as a significant opportunity to express a different brand message and tap into Versace's potential [5] Financial Outlook - Prada Group reported an 8% revenue increase to 2.74 billion euros in the first half of the year [6] - Versace is projected to generate revenues of $810 million in 2024, with an expected high-single-digit negative operating profit margin [6] - Versace operates through a global network of 227 stores, but its business was categorized as a discontinued operation in Capri Holdings' first-quarter sales [6]

Pietro Beccari, chief executive officer of Louis Vuitton, LVMH’s biggest label, will take on the added role of overseeing the French luxury company’s fashion group https://t.co/mh3OkVGz9X ...