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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.) \7 h a' o5 @2 ?
As a backdrop to speculation about the five sisters, their would-be partners also share a complicated history.
/ Z" g8 |- ?1 n: tParis-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.' ^ o: ?: q/ k! a& D' n- b9 ^$ k
Mr. De Sole came out of the struggle with a $3-billion acquisition war chest and big plans for Gucci. Analysts said buying Christian Louboutin would help deplete that cash reserve and assist Mr. De Sole in building a genuinely global rival to world-leader LVMH. \* M* Q, z& G% G/ T3 a+ H; s$ s( F) ~
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.
4 J9 t7 {# _+ t7 OItalian 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.0 t3 }! M7 U7 X5 {
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.8 G% u" y' |8 `: v; K. m
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7 ~2 N5 q. U7 E8 h Giancarlo Di Risio, president of LVMH Moet Henness
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0 U) f& n! d& M+ Y* T Mr. Toledano said he planned to expand further into retail lines like shoes and |
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