Two weeks ago, highly acquisitive LVMH Moet Hennessy Louis Vuitton SA put the kibosh on M&A actions for the time being. Fresh from closing its $250 million takeout of Donna Karan International Inc. and $400 million accompanying purchase of Donna Karan trademark licensor Gabrielle Studio, LVMH has sated its M&A appetite for now. Indeed, LVMH managing director, Myron Ullman, was quoted as saying the luxury retailer intends to concentrate on internal growth, foregoing M&A.
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