Paris Fashion Week Day 7: Favorite Looks

pfw day7

all images via style.com

 

Paris Fashion Week: My Favorite Collections Part 1

Ah Paris, mon cherie! Where fashion and style were born. And, this Paris Fashion Week did not disappoint, with the beautiful fabrics, silhouettes, prints and looks at just about every show that walked in the city of love. In fact, I couldn’t narrow down my favorite collections enough and will be doing two posts talking about my favorite collections!!

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So, here is part 1 of my favorite collections from Paris Fashion Week:

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LVMH and Hermès Call a Truce

It has been quite the battle over the past 4 years between two fashion powerhouses: Louis Vuitton Moët Hennessey, arguably the most powerful luxury goods conglomerate in the world, and Hermès, one of the most revered fashion houses, where lawsuits have been traded and claims of hostile takeovers and slander have been exchanged. And, today, the two finally called a truce with an agreement brokered by Paris Commercial Court’s president, Frank Gentin.

Let’s get some background first and start at the beginning. In October of 2010, LVMH stunned not only family-controlled Hermès but also the fashion industry by announcing it had acquired a 17.1% stake in Hermès. Many, including the luxury brand, viewed this as the beginnings of a hostile takeover, perhaps another luxury brand jewel for Bernard Arnault, Chairman and CEO of LVMH, to place in his crown of luxury brands, alongside Louis Vuitton, Christian Dior, Givenchy and others.

Arnault, however, insisted that the acquisition was friendly and that LVMH did not intend to takeover Hermès. Unsatisfied with Arnault’s promises, the Hermès family shareholders created a holding company that controlled 50.2% of the company’s shares to bar Arnault or LVMH from gaining control of the brand. The Dumas, Puech and Guerrand families all together own an excess of 70% of the shares, under a partnership agreement that states that the families maintain control of the management of the brand.

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