Fashion statement: its closets full, LVMH decides to return to basics

Article Abstract:

After focusing on diversification through acquisitions in the 1990s, LVMH Moet Hennessy Louis Vuitton S.A. has now begun looking instead to its original brands to boost its falling sales and market share. As part of this initiative, chief executive officer Bernard Arnault has asked one of his top aides, Yves Carcelle, to direct his attention to strengthening the company's poplular luggage and handbag maker Louis Vuitton S.A.

Diversified Companies, Acquisitions & mergers, France, Executive changes & profiles, APPAREL AND OTHER TEXTILE PRODUCTS, Luggage, Officials and employees, Conglomerate corporations, Mergers, acquisitions and divestments, Company acquisition/merger, Clothing industry, Company Profile, LVMH Moet Hennessy Louis Vuitton S.A., Luxuries, Arnault, Bernard, Textile and clothing industry software, Luggage industry, Louis Vuitton S.A., Carcelle, Yves

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Parmalat sues two former auditors for $10 billion

Article Abstract:

Bankrupt Italian dairy products company Parmalat S.p.A. has filed suit against the Italian subsidiaries of two major U.S. accounting firms, Deloitte & Touche L.L.P. and Grant Thornton L.L.P. Parmalat claims that Deloitte Touche Tohmatsu and Grant Thornton International failed in their capacities as auditors of the company. Parmalat has since failed due to widespread corporate fraud.

Italy, United States, Legal issues & crime, Foreign operations, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Dairy Products, Legal/Government Regulation, Multinational Corporations, Company legal issue, Cases, International business enterprises, Dairy industry, Dairy products industry, Accounting firms, Accounting services, Deloitte Touche Tohmatsu, Parmalat S.p.A., Deloitte & Touche L.L.P., Grant Thornton L.L.P.

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