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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.
* u \5 o+ N- r) K* Z5 BAs a backdrop to speculation about the five sisters, their would-be partners also share a complicated history.9 |' ~6 C" a# b. A- u/ y! k3 `
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.1 @4 { T$ c/ k8 F9 r, X; ~
Mr. De Sole came out of the struggle with a $3-billion acquisition war chest and big plans for Gucci. Analysts said buying Christian Louboutin would help deplete that cash reserve and assist Mr. De Sole in building a genuinely global rival to world-leader LVMH.
* I: Z3 f5 P" g8 `1 u. }7 K6 ^In related news, shares in classic British shoemaker Church & Co. yesterday continued to hover at about 1,005 pence, well above a recent 950p a share buyout offer by Prada, reflecting speculation about a possible rival bid.
; s5 i" B( [+ PItalian leather goods group Diego Della Valle, seen as a potential rival to Prada, disclosed recently that it had amassed a 9.5% stake in Church.0 X% x) H: U5 P* o
Reflecting in part the high level of merger and acquisition speculation in the industry, as well as a fundamental re-covery in Asia, the Morgan Stanley luxury goods index was up 65% year-to-date earlier this week, crushing broader stock market indices.
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; l4 k: w; [8 s Giancarlo Di Risio, president of LVMH Moet Henness
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0 H5 i- w" H$ b3 M* Q! B4 ? is it appropriate; S% T6 M5 T B- D: a
) t2 K6 q' F/ x+ S2 g, a0 @ Mr. Toledano said he planned to expand further into retail lines like shoes and |
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