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Shares of Herm?s, famous for its Birkin, bags and rose 75pc for six months. Photo: GETTY

LVMH refused, however, who buys stake was the start of a battle of support for his French rival, saying that he wanted to take a minority stake.

Sunday Telegraph includes that was directly offered a block of shares of 15 m, equivalent to 14 2pc of Hermes, Friday, with the early Saturday finalized agreement does ' believed that no banks participated.

The identity of the seller - or vendor - has, however, on Saturday, surrounded by mystery, as speculation centred on a dissident member of Hermes, the family foundation that all stake 70pc control.

Although it is possible that the actions were purchased on the open market, taking into account the magnitude of the transaction and the size of the discount, a distressed seller feel pleased.

LVMH has also admitted for the first time on Saturday that it owns 3 m derived options - seems to have accumulated over the past two years - which it intends to transform into shares of Hermes.Such an approach is planned for the next jours.Jeu LVMH would be 17 1pc of society.

In a statement, LVMH said the total cost of the 17. 1pc 1 was €. 45bn (￡ 1 United), book gain of 5.3 immediate €1 on this transaction, taking into account the value of. 2 euros in the issue based on the closing price of €176,2 Hermes 65bn Friday night.LVMH will pay for the game cash from continuing operations.

It is believed that the overall reduction had been achieved through options forward, allowing to LVMH to reduce the average value of the price paid by Hermes part.Tous details of the transaction - and the identity of the seller (s) - are set to be filed with the French financial regulator, the authority, by Wednesday.

Shares of Hermes, famous for its Birkin bags carried by celebrities including Victoria Beckham and actress Katie Holmes, and rose 75pc for six months.

"The objective of LVMH is a shareholder in the long term of Hermes and contribute to the preservation of the family and the French attributes that are at the core of the overall success of this iconic brand", the company said.

"LVMH subscribed fully to the strategy of implementation by the founding family and gestion.LVMH team has no intention to launch an offer, take control of Hermes or seeking Board representation."

Hermes has a market value of €18. 6bn (￡ 16. 5bn) - whose family game control prevent a hostile takeover attempt - LVMH is a value of €55. 5bn.

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