At a Board meeting held on 30 January 2014, the Board of Directors of LVMH Moet Hennessy Louis Vuitton agreed to alter the legal status of the Company from that of a French Public Limited Company (“société anonyme”) to that of a European Company.
The Board noted that this transition, which is promoted by the European authorities, has already been made by several major European groups and agreed that the status of European Company better reflects the European and International scope of the LVMH Group.
The number of LVMH Group brands having their roots in non-French European countries has significantly increased in recent years. After Loewe, Fendi, Pucci, Acqua di Parma, Tag Heuer and Zenith, the Group welcomed Hublot in 2008, Bulgari in 2011 and Loro Piana in 2013.
The transformation into a European Company has no impact on governance, Head Office domicile or stockmarket listing and has no consequences for shareholders.
This proposed statutory change will be submitted to shareholders at the Annual General Meeting on April 10th, 2014.