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.
, t, t3 [4 E2 v5 d' [# n' @7 qAs a backdrop to speculation about the five sisters, their would-be partners also share a complicated history.
6 |: f" u9 K. f+ rParis-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.
$ e" @2 P+ |) [- d! b0 h& a! _Mr. De Sole came out of the struggle with a $3-billion acquisition war chest and big plans for Gucci. Analysts said buying Christian Louboutin would help deplete that cash reserve and assist Mr. De Sole in building a genuinely global rival to world-leader LVMH.
In related news, shares in classic British shoemaker Church & Co. yesterday continued to hover at about 1,005 pence, well above a recent 950p a share buyout offer by Prada, reflecting speculation about a possible rival bid.
- {! d# [( r3 e- }+ j* Y$ c' V! mItalian 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.
" G8 E7 w5 O) I! t8 _1 dReflecting 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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8 ?; |! U* M, t" S! J   Giancarlo Di Risio, president of LVMH Moet Henness
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   Mr. Toledano said he planned to expand further into retail lines like shoes and