Tuesday, June 25, 2013

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An 18-month legal battle ensued between Racamier and Arnault, after Chevalier had louis vuitton loafers cheap stepped down. Despite Louis Vuitton's strong performance, accounting for 32 percent of LVMH sales, Racamier could not hold onto his stake in LVMH against Arnault, who had the support of the Moet and Hennessy families. The courts eventually favored Arnault, and Racamier stepped down to create another luxury goods conglomerate, Orcofi, with the backing of French investors such as Paribas and L'Oreal.

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