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Analysts said buying Christian Louboutin would help deplete that cash reserve an

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发表于 2010-8-10 20:44 | 显示全部楼层 |阅读模式
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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.: V/ I$ Q# U- o2 p* \
As a backdrop to speculation about the five sisters, their would-be partners also share a complicated history.
, y. }3 {! a# G% T# ^) c# q5 \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., c/ ?- Q  ^) Y; R
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.
. A! x% r+ q" s  P0 oIn 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.
4 p5 R1 H0 ]/ v8 F9 F& [- EItalian 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.
- ]% n! v4 |/ n5 T: n* l5 c9 BReflecting 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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+ w1 l% Y0 {  \2 e( k   Giancarlo Di Risio, president of LVMH Moet Henness3 f9 H; o" k- V+ L
  
: e% ~/ s5 B' d+ x2 u7 w# Q( k   is it appropriate6 a' l4 X. V7 e- G% q; }% l& Z$ K
  
5 h0 {' o5 N# }) G: R   Mr. Toledano said he planned to expand further into retail lines like shoes and
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