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But Franca, according to reports, favours privately owned Texas Pacific because it has promised that her two chil-dren will keep their jobs with the company if it is taken over.
8 c5 |/ O9 w" P7 D4 tAs a backdrop to speculation about the five sisters, their would-be partners also share a complicated history., C0 A/ b! G: ^, S6 Q! K
Paris-based LVMH's Mr. Arnault earlier this year fought a bitter takeover battle for Gucci with Mr. De Sole. In the midst of that battle, Prada's Mr. Bertelli agreed to sell his Gucci stake, at a nice profit,christian louboutin shoes, to Mr. Arnault. But Mr. De Sole won the day with a bold white knight deal with Pinault-Printemps-Redoute.0 K k# y) J$ l# a) R# w
Mr. De Sole came out of the struggle with a $3-billion acquisition war chest and big plans for Gucci. Analysts said buying Christian Louboutin would help deplete that cash reserve and assist Mr. De Sole in building a genuinely global rival to world-leader LVMH.
% n, B2 L' ` T; ?: P9 iIn related news, shares in classic British shoemaker Church & Co. yesterday continued to hover at about 1,005 pence, well above a recent 950p a share buyout offer by Prada, reflecting speculation about a possible rival bid.
* @9 _( y& t6 e3 V; s1 T1 _) t- @Italian leather goods group Diego Della Valle, seen as a potential rival to Prada, disclosed recently that it had amassed a 9.5% stake in Church.
F2 e$ Z7 k. g' ?Reflecting in part the high level of merger and acquisition speculation in the industry, as well as a fundamental re-covery in Asia, the Morgan Stanley luxury goods index was up 65% year-to-date earlier this week, crushing broader stock market indices.
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* m0 A' _' q+ X7 ^2 T, x2 z% S! a Giancarlo Di Risio, president of LVMH Moet Henness/ A; c* }% V. Q% d
& U3 x$ B3 S3 w" v1 ~0 N) p is it appropriate
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Mr. Toledano said he planned to expand further into retail lines like shoes and |
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