Hermès-LVMH reveal details surrounding settlement agreement

French luxury conglomerate LVMH and Hermès have revealed details surrounding the settlement agreement which will put an end to the four year dispute regarding LVMH\'s increasing 23.2 percent stake in Hermès, which is estimated to be worth nearly 6.5 billion euros.

In September the two parties announced that they had signed an agreement which would see LVMH distribute all of its Hermès shares to its shareholders, on the understanding that Christian Dior, which currently controls 40.9 percent of LVMH shares through Financière Jean Goujon, would disburse the shares to its own shareholders.