????法國(guó)兩大著名奢侈公司之間持續(xù)多年的爭(zhēng)端終于結(jié)束。

????世界上最大的奢侈品集團(tuán)路威酩軒（LVMH）旗下?lián)碛斜姸嘀放疲▽毟覃悾˙ulgari）珠寶和芬迪（Fendi）手袋等。自2007年以來(lái),，LVMH秘密收購(gòu)了競(jìng)爭(zhēng)對(duì)手愛(ài)馬仕（Hermès）23%的股份，此舉備受爭(zhēng)議,。從規(guī)模上來(lái)說(shuō)LVMH略占上風(fēng),。本周三，它同意放棄所持的大部分愛(ài)馬仕股份,，并于未來(lái)5年內(nèi)不再收購(gòu),。

????該協(xié)議由巴黎商業(yè)法庭（Commercial Court of Paris）提出，兩家奢侈品集團(tuán)于周二晚些時(shí)候達(dá)成同意,，基本上中止了LVMH收購(gòu)愛(ài)馬仕的可能性,。愛(ài)馬仕是如今為數(shù)不多的幾家法國(guó)獨(dú)立奢侈品公司之一，它擁有177年的歷史,，以上萬(wàn)美元的柏金包（Birkin）而聞名,。

????根據(jù)協(xié)議條款，由法國(guó)億萬(wàn)富翁伯納德?阿諾特控制的LVMH將向其股東分派所持的愛(ài)馬仕股份,，而LVMH集團(tuán)最大的股東迪奧（Christian Dior）,，將轉(zhuǎn)手把這些愛(ài)馬仕股份分派給自己的股東。伯納德?阿諾特的家族控股公司阿爾諾集團(tuán)（Groupe Arnault）也是LVMH的主要投資者,，該集團(tuán)仍將持有約8.5%的愛(ài)馬仕股份,。

????兩大集團(tuán)的高管在一份公告中表示，對(duì)這兩家極具代表性的法國(guó)公司之間的關(guān)系得以恢復(fù)感到很滿意,。

????該協(xié)議結(jié)束了兩者之間持續(xù)多年的法律糾紛,。2010年，LVMH披露其通過(guò)股權(quán)互換而非直接購(gòu)買股票的方式積累了愛(ài)馬仕17%的股份（股權(quán)互換可以使LVMH以隱蔽的方式積累股權(quán)）,，此消息一出,，愛(ài)馬仕及其控股家族非常震驚。LVMH歷來(lái)喜歡收購(gòu),，在過(guò)去20年中已經(jīng)收購(gòu)了60個(gè)品牌,，LVMH稱其抱著友好態(tài)度，并無(wú)全盤收購(gòu)愛(ài)馬仕的意圖,。而愛(ài)馬仕的東主伯特蘭?皮尤徹對(duì)這種說(shuō)法持懷疑態(tài)度,，公司的主要競(jìng)爭(zhēng)對(duì)手居然成為其最大的外部投資者，這讓他非常惱火,。

????去年,，法國(guó)證券監(jiān)管機(jī)構(gòu)金融市場(chǎng)管理局（AMF）對(duì)LVMH處以罰款，原因是未能恰當(dāng)披露收購(gòu)愛(ài)馬仕股份的情況,。

????據(jù)彭博資訊（Bloomberg）援引未具名消息人士的話報(bào)道,，LVMH在愛(ài)馬仕中的股份將為其帶來(lái)約30億歐元的資本收益。這兩家公司表示,，愛(ài)馬仕股份的分派將于2014年12月20日之前完成,。（財(cái)富中文網(wǎng)）

????譯者：Lina

????The bitter feud that has pitted two of France’s most storied luxury names against each other for years has finally come to end.

????LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury conglomerate with brands ranging from jeweler Bulgari to handbag maker Fendi, agreed on Wednesday to give up most of the controversial 23% stake in Hermès it had quietly built up since 2007 and not buy any new shares in its smaller rival for five years.

????The deal, proposed by the Commercial Court of Paris and agreed to late Tuesday by both luxe groups, all but eliminates the prospect of a takeover of the 177 year-old Hermès, famed for its $10,000 Birkin handbags, and one of the few remaining stand-alone French luxury companies.

????Under terms of the agreement, LVMH, controlled by French billionaire Bernard Arnault, will distribute all of its of Hermès shares to its shareholders, while LVMH’s largest shareholder, Christian Dior, will in turn distribute the Hermès shares to its own shareholders. Groupe Arnault, the businessman’s family holding company and a major LVMH investor, will still hold around 8.5% of Hermès shares.

????In a statement, the companies’ executives expressed “their satisfaction that relations between the two groups, representatives of France’s savoir-faire, have now been restored.”

????The deal ends years of legal wrangling between the two. In 2010, LVMH shocked Hermès, and its controlling family, when it disclosed it had built up a 17% in its smaller rival by means of equity swaps rather than buying shares outright, allowing LVMH to do so in stealth mode. LVMH, an acquisitive company which has bought up some 60 brands in the last 20 years, had long maintained it came in peace and had not intention of taking over Hermès, a claim that was met with skepticism by Hermès patriarch Bertrand Puech, furious at having the company’s arch-rival be it top outside investor.

????Last year, the French stock market regulator, Autorité des marchés financiers, fined LVMH for failing to properly disclose it was buying a stake in Hermès.

????LVMH stands to make a capital gain of around 3 billion euros on its Hermès holdings, Bloomberg reported, citing an unnamed source. The distribution of Hermes shares will be completed by Dec. 20, 2014, the companies said.