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LVMH v. Gucci

This article was originally published in The Rose Sheet

Executive Summary

LVMH filing appeal in Dutch Supreme Court following the rejection of the company's case against Gucci by Amsterdam court of appeals May 27 ("The Rose Sheet" May 31, In Brief). The suit argues the court's decision to not approve an investigation into Gucci's acquisition of Pinault-Printemps-Reddoute was made in "error." LVMH also is seeking nullification of a number of management decisions by Gucci in Amsterdam district court, including an option for PPR to nominate four of nine Gucci supervisory board members; the creation of a five-member strategic and financial committee with three PPR members; and an option for PPR to acquire 10% of Gucci's fully diluted shares. Gucci deemed the appeal "inappropriate and vexatious"
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