The luxury goods conglomerate LVMH's influence to the GUCCI

In early 1999, the luxury goods giant LVMH, Bernard Arnault, led by the to increase the stake in Gucci acquired view. De Sole was incensed the news, but declined Arnault's one of the directors, where he would have access to Gucci's confidential earnings, Dong Shihui spot strategy meeting the requirements and design concepts. De Sole issued reaction to dilute the value of Arnault's holdings of shares. He also approached French holding on the possibility of forming strategic alliances company Pino - Printemps - Redoute's (Chapter 215). Francois Pinault, the company's founder, agreed to the idea, in the purchase, or 40% of the shares of 3700 shares. Arnault's share was diluted to 20% of the meager, and the subsequent legal dispute, challenge the new Gucci - 215 Chapter partnership legitimacy, in the Skadden, ARPS model, slate, MiG and Fromm Gucci's legal representative. Court ultimately upheld in the Netherlands Chapter 215 transactions, because it does not violate the country's commercial laws and regulations. The second largest shareholder is 11% of Credit Lyonnais. As of September 2001 reached a settlement, investment and Gucci Group, Louis Vuitton and PPR's place.