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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.
: i5 f1 i9 J2 }' g H9 ~% kAs a backdrop to speculation about the five sisters, their would-be partners also share a complicated history.
3 ]+ X# g$ T0 `2 FParis-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.8 [' k' W1 t2 S& z: p
Mr. De Sole came out of the struggle with a $3-billion acquisition war chest and big plans for Gucci. Analysts said buying Christian Louboutin would help deplete that cash reserve and assist Mr. De Sole in building a genuinely global rival to world-leader LVMH.
+ Y& }$ j, O9 ~3 @/ x( Q" P# FIn 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.3 E1 @( n' z/ E# _) }' P
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., T0 n, c# q. h
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 H$ R6 H$ u+ T
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Giancarlo Di Risio, president of LVMH Moet Henness
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3 p' v: p* ?' j Mr. Toledano said he planned to expand further into retail lines like shoes and |
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