February 8, 2005 |
Internet search engine Google Inc. said it was weighing a possible appeal after a Paris court ordered it to pay 200,000 euros, or $260,000, plus costs to luxury goods maker Louis Vuitton for breach of trademark. The high court in central Paris awarded the damages in a decision late Friday and ordered Google to stop displaying advertisements for Vuitton's rivals whenever Internet users typed Vuitton's name or other trademarks into the search engine.
January 13, 2004 |
LVMH, the maker of Louis Vuitton handbags and Moet champagne, won a court judgment Monday ordering investment bank Morgan Stanley to pay at least $38.5 million in damages for allegedly biased research that hurt LVMH's image and helped its rival Gucci. In the first major ruling by a European court on conflicts of interest between research and investment banking services, the Paris commercial court said Morgan Stanley had "considerably prejudiced" LVMH and helped Gucci, its own client.
September 11, 2002 |
APPAREL * A federal judge approved Donna Karan International Inc.'s settlement with shareholders who sought more money in a buyout last year by France's LVMH Moet Hennessy Louis Vuitton. LVMH, the world's largest luxury goods maker, said in late 2000 that it would buy the New York-based clothing designer for $8.50 in cash per share. After six shareholders sued in Delaware Chancery Court, the price was raised to $10.75, a $22-million increase, and lawyers agreed to settle the lawsuits.
April 3, 2001 |
France's LVMH Moet Hennessy Louis Vuitton said it will buy famed U.S. fashion house Donna Karan International Inc. for $243 million, adding one more household name to LVMH's line of luxury products. Donna Karan said she will remain artistic director and retain control over creative aspects of the firm. Karan founded the firm in 1984, and it became one of the best-known names in international fashion. LVMH will pay $10.75 a share to acquire Donna Karan. The price is 26% higher than the $8.
January 16, 2001 |
A French newspaper said that luxury goods group LVMH Moet Hennessy Louis Vuitton and South African diamond giant De Beers were close to announcing a joint venture to market branded diamond jewelry. La Tribune financial daily, in which LVMH owns a stake, quoted sources close to the deal as saying the joint venture would be announced today in London. However, a spokesman for De Beers said there would be no news conference and said the company had no comment.
December 19, 2000 |
LVMH Moet Hennessy Louis Vuitton, the biggest luxury-goods company, agreed Monday to pay $450 million for the rights to Donna Karan's brands and offered to buy the New York designer's namesake company for $195 million. LVMH, whose portfolio of labels include Christian LaCroix, Emilio Pucci, Fendi, Givenchy and Marc Jacobs, is seeking a bigger share of the U.S. fashion market. The license holder for the Donna Karan New York and DKNY brands is Gabrielle Studio Inc.