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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.
- p, x- U% F# V6 o9 H! T; `As a backdrop to speculation about the five sisters, their would-be partners also share a complicated history.
( z2 {; X: R' r6 ~8 Y8 k! J) z/ DParis-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.
* m; j7 i+ H. }0 K+ |7 gMr. De Sole came out of the struggle with a $3-billion acquisition war chest and big plans for Gucci. Analysts said buying Christian Louboutin would help deplete that cash reserve and assist Mr. De Sole in building a genuinely global rival to world-leader LVMH.3 [0 h, {* q9 o, p9 Y
In related news, shares in classic British shoemaker Church & Co. yesterday continued to hover at about 1,005 pence, well above a recent 950p a share buyout offer by Prada, reflecting speculation about a possible rival bid.
/ B3 E( m& ]! z& f& V! r2 `Italian leather goods group Diego Della Valle, seen as a potential rival to Prada, disclosed recently that it had amassed a 9.5% stake in Church./ Z/ z7 Q( R8 j8 z6 E# R( W! t
Reflecting in part the high level of merger and acquisition speculation in the industry, as well as a fundamental re-covery in Asia, the Morgan Stanley luxury goods index was up 65% year-to-date earlier this week, crushing broader stock market indices.
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* |: o* z% b o& S0 S Giancarlo Di Risio, president of LVMH Moet Henness) `. U+ Q; Y& J$ }$ ]& z: A
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# y, R6 r! f: a s r" v Mr. Toledano said he planned to expand further into retail lines like shoes and |
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