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Europe Daily Bulletin No. 8041

6 September 2001
Contents Publication in full By article 40 / 42
ECONOMIC INTERPENETRATION / (eu) luxury goods

According to The Financial Times, LVMH and PPR - PINAULT-PRINTEMPS-REDOUTE is about to settle their dispute over the Italian group GUCCI, a dispute that has now lasted two years. The operation would be in three stages: PPR, which holds 42% of GUCCI, would become the majority shareholder of the Italian group with the purchase of one third of LVMH shares (20.6%) at $95 per share. An exceptional dividend of $7 would then be paid out in November to all GUCCI shareholders, except PPR. Then, PPR...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION