路威酩軒與愛馬仕結束"手袋戰爭"

LVMH has given up the fight for Hermès, ending a bitter four-year battle between the luxury industry’s Goliath and its family-controlled rival.

路威酩軒(LVMH)已放棄對愛馬仕(Hermès)的追求，結束了奢侈品行業的“歌利亞”(Goliath)與家族控制的競爭對手之間長達4年的艱苦爭鬥。

The truce announced yesterday appears to be a victory for the Hermès family, which had vowed to eject LVMH from its share capital, and constructed elaborate defences to maintain its independence.

昨日宣佈的“休戰協議”看來是愛馬仕家族的勝利。該家族曾發誓把路威酩軒從其股東名單中趕出去，並構築了巧妙的防禦措施以維持自身獨立地位。

The deal offers Bernard Arnault, France’s richest man and head of LVMH, a face-saving way to wind down his 23.2 per cent holding amassed in Hermès since 2010.

雙方達成協議，使得法國首富、路威酩軒掌門人伯納德•阿爾諾(Bernard Arnault)可以不失顏面地退出他自2010年以來累積的愛馬仕23.2%的股權。

The owner of Guerlain, Céline, Fendi and Bulgari can also point to a large profit on the shareholding. LVMH was fined