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

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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.
' Y: n& F! R5 V  F$ R# FAs a backdrop to speculation about the five sisters, their would-be partners also share a complicated history.
+ V' B% ^2 Y0 ?( f1 B1 x# o. F8 ZParis-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.
Mr. De Sole came out of the struggle with a $3-billion acquisition war chest and big plans for Gucci. Analysts said buying Christian Louboutin would help deplete that cash reserve and assist Mr. De Sole in building a genuinely global rival to world-leader LVMH.
In related news, shares in classic British shoemaker Church & Co. yesterday continued to hover at about 1,005 pence, well above a recent 950p a share buyout offer by Prada, reflecting speculation about a possible rival bid.
/ l* L& c2 n# N8 g" q/ cItalian leather goods group Diego Della Valle, seen as a potential rival to Prada, disclosed recently that it had amassed a 9.5% stake in Church.
9 ~% m* x9 D5 _& N+ G- @Reflecting in part the high level of merger and acquisition speculation in the industry, as well as a fundamental re-covery in Asia, the Morgan Stanley luxury goods index was up 65% year-to-date earlier this week, crushing broader stock market indices.
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+ |' V- \. M  B4 |# d" P   Giancarlo Di Risio, president of LVMH Moet Henness
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( `9 c' _( ]6 v0 G+ g! k$ i1 s   Mr. Toledano said he planned to expand further into retail lines like shoes and