Hermes brand Louis Vuitton fraud 'most important in history of French stocks'

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The legal battle continues as Hermes brands LVMH fraud the most important in history

Hermes versus Louis Vuitton
While Dolce & Gabbana's case has ended in a guilty ruling, handbag brands Louis Vuitton and Hermes are still locked in their vicious legal battle.

Not been keeping up with the fraud fight? Don't worry, we've summarised the full details for you here, but basically Hermes has accused Louis Vuitton's parent company of illegally trying to amass a majority stake in its shareholdings.

As the case continued to play out in a French court this week, Hermes reportedly accused LVMH of committing the "most important fraud in the history of the French stock market."

It's a heavy claim and Hermes representatives have shown no sign of wavering under the power of their words, but despite the severity of the accusations, LVMH is still claiming total innocence.

In fact, a spokesperson has gone so far as to tell French newspapers that Hermes' claims should be dismissed entirely, and considered a part of a wider slander campaign.

Eeish. You can't get more of an 'it wasn't me' than that.

What do you think? Reckon LVMH was up to no good? More details here to help you decide.

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