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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.7 `7 M9 [3 w* h# U# [
As a backdrop to speculation about the five sisters, their would-be partners also share a complicated history.
9 w) d! H9 ?9 B# `, S8 ^; z8 bParis-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.5 v, H3 Q" \0 e, S' }& ]
Mr. De Sole came out of the struggle with a $3-billion acquisition war chest and big plans for Gucci. Analysts said buying Christian Louboutin would help deplete that cash reserve and assist Mr. De Sole in building a genuinely global rival to world-leader LVMH.
. Q1 `4 J( O4 Y- w$ aIn 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.
" B0 }) @2 U) ?" D- {! uItalian 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. o& L; N, i& k3 C
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.2 x: @( |) ^# |/ K& k! x6 t
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( k# P9 s* F* ~4 M- H Giancarlo Di Risio, president of LVMH Moet Henness* y6 L, X( Y- J2 B1 h( L# q! ^
) j4 a1 E% u$ p" O is it appropriate
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7 P$ j4 C6 Z. R8 W Mr. Toledano said he planned to expand further into retail lines like shoes and |
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